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__________ $__________

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!