Journal entries:
Date | Particulars | Debit | Credit |
---|---|---|---|
December 31 |
Wages expenses ($185 x 6 employees) Wages payable (to record the wages accrued for Monday) |
$1110 . . |
. $1110 . |
January 04 |
Wages expenses ($185 x 6 employees x 3 days) Wages payable Cash (to record the cash paid for wage payable and wage expenses) |
$3330 $1110 . . |
. . $4440 . |
Pablo Management has six employees, each of whom earns $185 per day. They are paid on...
Pablo Management has two employees, each of whom earns $220 per
day. They are paid on Fridays for work completed Monday through
Friday of the same week. Near year-end, the two employees worked
Monday, December 31, and Wednesday through Friday, January 2, 3,
and 4. New Year’s Day (January 1) was an unpaid holiday.
Prepare the year-end adjusting entry for wages expense qnd
record payment of the employees’ wages on Friday, January 4.
Pablo Management has two employees, each of...
Pablo Management has five employees, each of whom earns $250 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday. January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet <...
Pablo Management has ten employees, each of whom earns $205 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the ten employees worked Monday December 31 and Wednesday through Friday, January 23, and 4 New Year's Day (January 1) was an unpaid holiday Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday January 4. View transaction list Journal entry worksheet Record...
Pablo Management has two employees, each of whom earns $130 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the two employees worked Monday, December 31, and Wednesday through Friday. January 23, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet Alta Record...
Pablo Management has five employees, each of whom earns $150 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list View journal entry worksheet...
Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has seven employees, each of whom earns $225 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the seven employees worked Monday, December 31, and Wednesday through Friday, January 23, and 4. New Year's Day (January 1) was an unpaid holiday Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January...
Pablo Management has seven part-time employees, each of whom earns $125 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the seven employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day. (January 1) was an unpaid holiday. 1. Prepare the year-end adjusting entry for wages expenses. 2. Prepare the journal entry to record payment of the employees' wages on Friday, January 4th.
Exercise 3-2 Adjusting and paying accrued wages LO P3 Pablo Management has five employees, each of whom earns $250 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday,...
Pablo Management has five part-time employees, each of whom earns $250 per day. They are paid on Fridays for work completed Monday through Friday of the same week Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. 1. Prepare the year-end adjusting entry for wages expenses. 2. Prepare the journal entry to record payment of the employees' wages on Friday, January 4.
Pablo Management has ten part-time employees, each of whom earns $175 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2017. The next week, the ten employees worked only four days because New Year's Day was an unpaid holiday. Prepare the adjusting entry that would be recorded on Monday, December 31, 2017 and Friday, January 4, 2018. View transaction list Journal entry...