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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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