Question

and total stockholde 20 points Forten Company paid employee wages on and through Fridry, Jamary 26, and the sext peyroll will be paid in Feberuary. There are three more working drys in Jamary 09-31) Employees work 5 days a weok and the compamy peys $5,400 a day in wages What will be the adjuating entry to accrue wages expense at the end of lamuary? sh-cards/ and total liabilities eased by $60,000 ar Cr. Salaries and Wages Paryable 5.400 let -flash-cards/ Il law practice after b. 27,000 Cr. Salaries and Wapes Payable 27,000 change by what Dr. Salaries and Wages Expense 6,900 And Sto unting questions a Ct. Salaries and Wages Payable 16,200 quity increased by rection during the s No adyasting entry is required Financial Man turnover is. Now s in recelvables+ in the normal operatin Moving to another question will save this Question 17 of 25 6:39 PM M6/1/2018 6/11/2018

Answer 1

Salary paid per day = $5400

Salary yet to be paid for the month of january = 29jan to 31Jan

Therefore for the 3 days due itshould pass an adjusting entry like this..

Salaries and wages expenses A/c Dr $16,200

To salaries and wages payable $16,200

Option C is corrct