Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   Accounting Question (https://www.askmehelpdesk.com/showthread.php?t=554978)

  • Feb 16, 2011, 12:25 PM
    Jennyg22
    Accounting Question
    You pay your employees every other week. The pay periods are evenly split between two weeks. What is the adjusting entry that would be used when the wages accrue for the first week of the two week pay period?
  • Feb 16, 2011, 04:08 PM
    pready

    Debit Wages Expense for the amount of wages earned
    Credit Wages Payable for the amount

  • All times are GMT -7. The time now is 08:30 PM.