Accrued Wages Aqua company employs a part-time staff of 40 employees, each earning $15 per hour and working 35 hours per week. Employees work 5 days per week, Monday through Friday, and are paid weekly on Fridays. The appropriate journal entry was recorded at the end of the accounting period, Wednesday, April 30. Required: What journal entries are made on Wednesday, April 30, and Friday, May 2? If an amount box does not require an entry, leave it blank Apr. 30 Wages Expense Wages Payable (Record accrued wages expenses) ) May 2 Wages Expense Wages Payable (Record payment of wages) 000 00 000
Accrued Wages Aqua company employs a part-time staff of 40 employees, each earning $15 per hour and working 35 hours per week. Employees work 5 days per week, Monday through Friday, and are paid weekly on Fridays. The appropriate journal entry was recorded at the end of the accounting period, Wednesday, April 30. Required: What journal entries are made on Wednesday, April 30, and Friday, May 2? If an amount box does not require an entry, leave it blank Apr. 30 Wages Expense Wages Payable (Record accrued wages expenses) ) May 2 Wages Expense Wages Payable (Record payment of wages) 000 00 000
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter11: Current Liabilities And Payroll
Section: Chapter Questions
Problem 4PA
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