Question
Pablo Management has eight employees, each of whom earns $115 per day. They are paid on Fridays for work completed Monday through Friday of
Pablo Management has eight employees, each of whom earns $115 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the eight employees worked Monday, December 31, and Wednesday, Thursday, and Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the December 31 year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet 1 2 Record the December 31 year-end adjusting entry for wages expense. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Wages expense Wages payable View general journal Record entry Clear entry
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