Module 2 EXERCISE 7/8: Accounting for Accrued Liabilities Page 1: 1 4 5 -- Question 1 (1 point) CollinsCo's employees earn $36,000 per five-day work week, with checks being distributed at the end of the day on Friday. If December 31, 20X1 is on a Thursday, how much of that Friday's check will be recognized as Wage Expense in 20X2? Assume that CollinsCo's employees have to work on New Years Day. Bummer. Your Answer: Answer Hide hint for Question 1 How many days have occurred in the current fiscal year (20X2)? Module 2 EXERCISE 7/8: Accounting for Accrued Liabilities Page 1: 1 4 5 -- Question 1 (1 point) CollinsCo's employees earn $36,000 per five-day work week, with checks being distributed at the end of the day on Friday. If December 31, 20X1 is on a Thursday, how much of that Friday's check will be recognized as Wage Expense in 20X2? Assume that CollinsCo's employees have to work on New Years Day. Bummer. Your Answer: Answer Hide hint for Question 1 How many days have occurred in the current fiscal year (20X2)