Business, 16.04.2020 00:25 alyssa32900

Pablo Management has nine part-time employees, each of whom earns $145 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28. The next week, the nine employees worked only four days because New Year’s Day was an unpaid holiday. Prepare the adjusting entry that would be recorded on Monday, December 31 and Friday, January 4.

Answers: 3

Show answers

Answers

Answer from: alyssawage

Adjusting & Accrued Wages Adjusted Payment:

To record the outstanding payment of wages for 1 day following journal entry has been passed. The salaries cost account has been charged by an amount of (9 workers × $145) $1,305 and the account of wages payable has been credited with the same amount to adjust the journal entry as shown below:

Date: 31 Dec

Debt: Wage expense = $1,305

Credit: Wage Payable = $1,305

Accrued Wages of one day is recorded.

Answer from: superstarsara5ouh83x

See the explanation below:

Explanation:

a. Salary accrued on Monday, December 31 = $145 × 9 = $1,305.

b. Salary accrued on Wednesday, January 2 to Friday, January 4 = 3 × $145 × 9 = $3,915

Pablo Management Journal entries will look as follows:

Date Details Dr ($) Cr ($)

Dec. 31 Wage expenses 1.305

Wage payable 1,305

Being wage payable for one day.

Jan. 4 Wage payable 1,305

Wage expenses 3.915

Cash 5,220

Being the payment of accrued and current wage

Answer from: Quest

the correct answer option is b. a single paragraph.

explanation:

when you are thinking about paragraph topics, you should always choose a subject that can be adequately addressed in a single paragraph.

a paragraph is a piece of writing consisting of a few sentences that deal with a single theme. it has only a single idea that the paragraph revolves around and talks about.

so a paragraph topic must be chosen wisely where a single idea can be communicated in a single paragraph.

Answer from: Quest

answer; normative economics;

Other questions on the subject: Business

Business, 22.06.2019 05:00, jason9394

Identify an organization with the low-total-cost value proposition and suggest at least two possible measures within each of the four balanced scorecard perspectives.

Answers: 3

continue

Business, 22.06.2019 07:50, kristinaholahan

Budget in this final week, you will develop a proposed budget of $150,000 for the first year of the program and complete the final concept paper for the proposed program due for senior management review. the budget should identify the program's anticipated expenses for the year ahead. budget line items should be consistent with the proposed program and staffing plan. using the readings for the week, the south university online library, and the internet, complete the following tasks: create a proposed budget of $150,000 for the first year of the proposed program including the cost for personnel, supplies, education materials, marketing costs, and so on in a microsoft excel spreadsheet. you may transfer your budget to your report. justify the cost for each item of the proposed budget in a budget narrative.

Answers: 2

continue

Business, 24.06.2019 01:00, ooooooo828282828

The doors were locked at the triangle shirtwaist company on the day of the fire because the manager tragically forgot to unlock them when he arrived in the morning.

Answers: 3

continue

Business, 24.06.2019 04:00, treyhunt5362

Why does munger believe it is so important to have multiple models in your head? how might the use of multiple models be used as a corrective measure for the sometimes inappropriate use of the judgmental heuristics described in tversky and kahneman?

Answers: 3

continue

You know the right answer?

Pablo Management has nine part-time employees, each of whom earns $145 per day. They are normally pa...