Pablo Management has four employees, each of whom earns $225 per day. They are paid on Fridays for work completed Monday hrough Friday of the same week. Near year-end, the four 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 December 31 General Journal Debit Credit Record entry Clear entry View general journal >

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Pablo Management has four 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 four 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
December 31
General Journal
Debit
Credit
Record entry
Clear entry
View general journal
Transcribed Image Text:Pablo Management has four 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 four 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 December 31 General Journal Debit Credit Record entry Clear entry View general journal
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