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    deezerdoo's Avatar
    deezerdoo Posts: 34, Reputation: 2
    Junior Member
    		  
    #1

    Apr 18, 2007, 04:44 PM
    Wages Expense
    Company x operates five days per week with a daily payroll of $4,000. Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the amount of Wages Expense recorded on the next payday, Saturday, April 3?

    I say 20,000
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Apr 18, 2007, 07:26 PM
    As long as March 31 isn't some fiscal year end or you don't need quarter statements based on March 31 as the end, then yes, 20,000 in expense
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