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Washington Company's employees earn $220 per day and are paid every Friday for a five-day work week. This year, December 31 is a Wednesday.

Required: Journalize the adjusting entry on December 31.

Respuesta :

Answer:

Explanation:

The adjusting entry is shown below:

Wages and salaries Expense A/c Dr $660

              To Wages and salary payable A/c $660

(Being the wages are adjusted)

The computation is shown below:

= Per day salary × number of days

= $220 per day × 3 days

= $660

So, the wages and salaries expense is debited for $660 and wages and salaries payable is credited for $660

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