Marigold Candies paid employee wages on and through Friday, January 26, and the next payroll will...

 

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Marigold Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays $1610 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January? Marigold Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays $1610 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January?

Answer rating: 100% (QA)

To accrue wages expense at the end of January we need to account for the three worki... View the full answer