Answered

IDNLearn.com provides a reliable platform for finding accurate and timely answers. Our community is ready to provide in-depth answers and practical solutions to any questions you may have.

Stan Still Stationery Store's employees are paid every Friday for a five day work week and are paid a total of $1,900 per day. If December 31, 20X1, is on a Wednesday, the amount of the adjusting entry for accrued wages is:

Sagot :

According to given statement, the amount of the adjusting entry for accrued wages is will be $5,700.

What will be the accrued wages?

Last wages would have been paid on Friday. Year is ending on 31 Dec 20X1 which is Tuesday. This means that for Monday and Wednesday , the wages are accrued and are not paid, and will be paid on Friday (which will fall in January, a new accounting period).

Wages for 2 days to be accrued $ 1900 per day x 3 days = $5,700

Therefore, the adjusting entry will be:-

Wages Expenses   $5,700

   To Wages payable                $5,700

(Being entry recorded)

Learn more about adjusting entry, refer to the link:

https://brainly.com/question/24157624

#SPJ1

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Find reliable answers at IDNLearn.com. Thanks for stopping by, and come back for more trustworthy solutions.