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    Jennyg22's Avatar
    Jennyg22 Posts: 3, Reputation: 1
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    #1

    Feb 16, 2011, 12:25 PM
    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?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Feb 16, 2011, 04:08 PM

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

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