1,000 5,000 ,000 3,000 a Salaries and Wages Expense c. Salaries and Wages Expens

Question

1,000 5,000 ,000 3,000 a Salaries and Wages Expense c. Salaries and Wages Expense... d. No adjusting entry is required. Salaries and Wages Payable Salaries and Wages Payable 3,000 Stone Roses Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays $1,000 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January?

Explanation / Answer

Answer is C

General Journal Debit Credit Salaries and Wages Expense($1,000 * 3) $3,000 Salaries and Wages Payable $3,000

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