At December 31, your company owes employees for four days of the five-day workweek. The total...

 

Transcribed Image Text:

At December 31, your company owes employees for four days of the five-day workweek. The total payroll for the week is $51,000. What journal entry should you make at December 31? A. Nothing because you will pay the employees on Friday. B. Salaries and Wages Expense 51,000 Salaries and Wages Payable Salaries and Wages Payable C. Salaries and Wages Expense D Salaries and Wages Expense Salaries and Wages Payable 40,800 40,800 51,000 40,800 40,800 At December 31, your company owes employees for four days of the five-day workweek. The total payroll for the week is $51,000. What journal entry should you make at December 31? A. Nothing because you will pay the employees on Friday. B. Salaries and Wages Expense 51,000 Salaries and Wages Payable Salaries and Wages Payable C. Salaries and Wages Expense D Salaries and Wages Expense Salaries and Wages Payable 40,800 40,800 51,000 40,800 40,800 At December 31, your company owes employees for four days of the five-day workweek. The total payroll for the week is $51,000. What journal entry should you make at December 31? A. Nothing because you will pay the employees on Friday. B. Salaries and Wages Expense 51,000 Salaries and Wages Payable Salaries and Wages Payable C. Salaries and Wages Expense D Salaries and Wages Expense Salaries and Wages Payable 40,800 40,800 51,000 40,800 40,800 At December 31, your company owes employees for four days of the five-day workweek. The total payroll for the week is $51,000. What journal entry should you make at December 31? A. Nothing because you will pay the employees on Friday. B. Salaries and Wages Expense 51,000 Salaries and Wages Payable Salaries and Wages Payable C. Salaries and Wages Expense D Salaries and Wages Expense Salaries and Wages Payable 40,800 40,800 51,000 40,800 40,800

Answer rating: 100% (QA)

Option D The journal entry ... View the full answer