Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wages are paid fortnightly on Monday for the fortnight just worked (up to and including the Friday). The next wages payment will be made on

Wages are paid fortnightly on Monday for the fortnight just worked (up to and including the Friday). The next wages payment will be made on 5th April and it will be based on the same daily rate as on the 22nd March. Susan only works Monday to Friday. Calculate the adjusting entry to accrue for wages payable at the end of March. Hint: work out daily rate * number of days to the end of March. Susan was last paid on the 22nd of march. the gross pay was $3000 and tax was $670, leaving a total payment of $2330

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

Step: 3

blur-text-image

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

Introductory Financial Accounting For Business

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Jennifer Edmonds, Philip Olds

2nd Edition

1260575306, 978-1260575309

More Books

Students also viewed these Accounting questions

Question

Briefly explain the qualities of an able supervisor

Answered: 1 week ago

Question

Define policy making?

Answered: 1 week ago

Question

Define co-ordination?

Answered: 1 week ago

Question

What are the role of supervisors ?

Answered: 1 week ago

Question

4. What means will you use to achieve these values?

Answered: 1 week ago