Question: Please prepare the adjusting journal entries. Per timecards, from the last payroll date through December 31, 2016, ABC's employees have worked a total of 200
Please prepare the adjusting journal entries.
| Per timecards, from the last payroll date through December 31, 2016, ABC's employees have worked a total of 200 hours. | |||||||
| Including payroll taxes, ABC's wage expense averages about $25 per hour. The next payroll date is January 5, 2017. | |||||||
| The liability for wages payable must be recorded as of 12/31/16. | |||||||
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