[adjthami]

The month's total wages paid June amounted to $7,390. The employees worked twenty-one days but were paid for only twenty days because for the day worked is the next pay period. How do I come up with the correct amount? Which is 369.50

[pready]

You will do an adjusting entry for the one day.
The journal entry to record this is:
Debit Wage Expense for the amount
Credit Wages Payable for the amount

When you pay the wages in the next period you will:
Debit Wages Expense for the amount of wages during the period
Debit Wages Payable for the amount in the account
Credit Cash for the total amount.

[morgaine300]

The 7390 that was paid covered 20 days, so you just divide by 20 to get one day's worth.