Company b pays every 2nd Friday for the previous fortnight. Pay Period runs from Friday to Thursday (10 working days) Payroll is 39000 per fornight the first payday this month is the 7th January

This is the month Ending 31st Janruary 2011
At the 31st December Wages Payable was 23,400

WHat are all the journal entry and amounts please?

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OK so what I have so far is this
Wages payable dr 23400
Cab cr 23400 (That was the balance last month

Now I have paid the employee's twice
So I have
Wages expensedr 39000
Cab cr 39000

THat happened on the 7 and 21st (paid every 2 weeks
So now my last entry would be
Wages expense 39000
Wages payable 39000
That's for the 21st onwards would this be correct?

In your problem you are only paying your employees once, on Jan 7.

Your journal entry will be:
Debit Wages Payable for 23,400
Debit Wages Expense for the difference
Credit Cash for the total amount paid

No they will be paid more than once that is not right

In your problem you are doing the journal entry for Jan 7, nothing else.

If you do a journal entry for Jan 21(the next payday) the journal entry will be:
Debit Wages Expense for the amount earned.
Credit Cash for the amount paid.