From the summary of payroll register of Maxwell Small for the month ended 28 January 2022 shown
Question:
From the summary of payroll register of Maxwell Small for the month ended 28 January 2022 shown in figure 14.30, you are required to prepare:
a using the direct method, the cash payments journal for the month ended 31 January 2022 b using the indirect method, the necessary general journals using data from the weeks ended 7 January and 14 January; plus the cash payments journal for the month ended 31 January 2022 c using the clearing account method, the necessary general journals using data from the weeks ended 21 January and 28 January; plus the cash payments journal for the month ended 31 January 2022.
What will be the balances of the wages expense account as at 31 January 2022 using the direct method, the indirect method and the clearing account method?
Step by Step Answer:
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson