How to treat Wages

masud · #1 Apr 22, 2007, 02:15 PM

The following expeses were paid out of the Bank Account:
£
Wages : 6,000
Drawings (see note below) : 10,000
Sundry Expenses : 3,000

Include in the amount shown for drawings is £5,000 that owner of the shop paid to his wife for working in the shop part-time.

reply early. Thanx a lot.

masud · Apr 24, 2007, 02:51 AM

Quote:

Originally Posted by CaptainForest

what do YOU think the answer is?

Please see this site's policy on homework questions: http://www.askmehelpdesk.com/math-sc...board-b-u.html

i've done this way:

DR Wages 5000
DR Drawing 5000
CR Bank 10000

Now confirm for me is it right?

masud · Apr 25, 2007, 01:52 AM

Quote:

Originally Posted by CaptainForest

What are “Sundry Expenses : 3,000” ?

The Wages.

You have 6,000 + 5,000 = 11,000
Dr. Wages 11,000
Dr. Drawing 5,000
Cr. Cash/Bank 16,000

This JE does not factor in whatever that 3,000 is suppose to be for.

Now it means, i was right. Thanks for the help.



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