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Prepare journal entries to record the following production activities. Incurred $42,000 of direct labor in the Roasting department and $33,000 of direct labor in the Blending department. Credit Factory Wages Payable. Incurred $20,000 of indirect labor in production. Credit Factory Wages Payable.

Respuesta :

Credit Factory Wages Payable is $95000.

What are Wages Payable?

Wages payable refers to an organization's liability for wages earned but not yet paid to employees. When wages are paid to employees, the amount in this account is normally wiped early in the following reporting month. Wages payable is a current liability account, whereas wages expense is an expense account. A current liability is one that must be paid within one year. Wage Payment Example

Jane received $160 for the last three days of the year (December 29-31). This sum (together with whatever salary she receives from January 1-4) will be included in her paycheck on January 9. Based on this information, the corporation has $560 in wages payable as of December 31 ($400 + $160).

(journal entries are in the attached image)

To learn more about  Wages Payable from the given link:

https://brainly.com/question/26699459

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