Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Wages Expense (https://www.askmehelpdesk.com/showthread.php?t=188065)

  • Feb 25, 2008, 09:30 AM
    astronom
    Wages Expense
    Is the answer to the following question $8,000? Because there are 2 days left in the month that have not been paid.

    The question is: A company operates 5 days per week with a daily payroll of $4,000. The employees are paid every Saturday for the workweek(Mon-Fri). The last day of the month is Wed. March 31. What is the amount of Wages Expense recorded on the next payday, Sat April 3?
  • Feb 26, 2008, 07:14 AM
    SeanF138
    Yes, the answer is $8,000. You are recording $4,000 For Thursday, April 1st, and $4,000 for Friday April 2nd.

  • All times are GMT -7. The time now is 12:04 AM.