Mason company has a weekly payroll of $5,000. wages are paid every friday for the work performed monday through friday of that week. assuming that the accounting period ends on a tuesday, what is the amount of wages expense that should be recorded on that date (assume same amount of wages expense incurred is paid per day)?

$2,000

Explanation:

Given:

Weekly payroll = $5,000

Number of working days for which wages are paid from Monday to Friday = 5

Wages paid per day =

or

Wages paid per day =

or

Wages paid per day = $1,000

Thus,

from Monday to Tuesday total wages paid

= Wages per day × Number of days

= $1,000 × 2

= $2,000

Hence, the amount of Wages Expense that should be recorded on that date is $2,000

you have to put the parentheses like this:

in fact, you have to perform the operation inside parentheses first, and then proceed in order: