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    Confused Student's Avatar
    Confused Student Posts: 7, Reputation: 1
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    #1

    Jun 25, 2006, 10:32 AM
    Journal Entry -
    Question: Sales and delivery wages are paid on Saturday. The weekly payroll for Scotch Cleaners is $1,260. Novemebr 30 falls on a Thursday and the company has a six-day pay week.

    So do I Credit Wages Payable $210
    And Debit Wages expense $210?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Jun 25, 2006, 02:04 PM
    Dr. Wages Expense
    Cr. Wages Payable

    By how much? I don't know since the question is confusing.

    Pay Day is Sat
    Cut off is Thurs
    But it is only a 6 day week... which 6 days?? I am going to assume Sat is NOT included.

    Therefore,

    1,260 x 5 / 6 = 1,050


    Dr. Wages Expense 1,050
    Cr. Wages Payable 1,050
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