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On Friday of each week. Cobolt Ltd pays its factory personnel weekly wages amounting to $2,500 for a five-day working week. During January, pay day

On Friday of each week. Cobolt Ltd pays its factory personnel weekly wages amounting to $2,500 for a five-day working week. During January, pay day falls on Friday 27th. For the month end accounts for January, the amount to be accrued for wages would be:

a.

$500

b.

$1,000

c.

$1,500

d.

$2,500

e.

$2,000

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