Question: Choco industries plant operates five days per week with a daily payroll of 5000$ (weekly payroll is 25000) employees are paid every Saturday for the
Choco industries plant operates five days per week with a daily payroll of 5000$ (weekly payroll is 25000) employees are paid every Saturday for the work week just completed (Monday through Friday) The last day of the month is Tuesday, March 31. prepare the correct adjustments entry at March 31. (choose from the following accounts :wage expense, wage payable, and cash)
Debit __________ $__________
Credit__________ $__________
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