Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On friday of each week , Cobalt ltd pays its factory personnel weekly wages amounting to $2500 for a five day work week. During January,

On friday of each week , Cobalt ltd pays its factory personnel weekly wages amounting to $2500 for a five day work week. During January, pay day falls on Friday 28, 2019. For the month end accounts for January, the amount to be accrued of wages would be:

a. 1000 $

b. No adjustment is necessary

c. 2500

d. 500

e. 1500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Of Capital Redefined A Fresh Look On Financing Capital

Authors: Abhik Mukhopadhyay

1st Edition

3659182699, 978-3659182693

More Books

Students also viewed these Accounting questions

Question

How can you calculate your net worth now and at retirement?

Answered: 1 week ago