Question: Sales and delivery wages are paid on Saturday. The weekly payroll for Scotch Cleaners is $1,260. Novemebr 30 falls on a Thursday and the company has a six-day pay week.
So do I Credit Wages Payable $210
And Debit Wages expense $210?
Question: Sales and delivery wages are paid on Saturday. The weekly payroll for Scotch Cleaners is $1,260. Novemebr 30 falls on a Thursday and the company has a six-day pay week.
So do I Credit Wages Payable $210
And Debit Wages expense $210?
Dr. Wages Expense
Cr. Wages Payable
By how much? I don't know since the question is confusing.
Pay Day is Sat
Cut off is Thurs
But it is only a 6 day week... which 6 days?? I am going to assume Sat is NOT included.
Therefore,
1,260 x 5 / 6 = 1,050
Dr. Wages Expense 1,050
Cr. Wages Payable 1,050
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