When the last day of the year falls on Tuesday, the entry for accrued wages is...

When the last day of the year falls on Tuesday, the entry for accrued wages is a debit to Wages Expense and a credit to Wages payable for, 2. When the last day of the year falls on Friday, the entry for accrued wages is a debit to Wages Expense and a credit to Wages payable for, 3. When the last day of the year falls on Monday, the entry for the payment of wages is a debit to Wages Expense for, a debit to Wages Payable for, and a credit to Cash for, 4. In every version, wages for the last week of December are per day.

Solutions

Expert Solution

1. When the last day of the year falls on Tuesday, the entry for accrued wages is a
debit to Wages Expense and a credit to Wages payable for 2 days

2. When the last day of the year falls on Friday, the entry for accrued wages is a
debit to Wages Expense and a credit to Wages payable for 5 days

3. When the last day of the year falls on Monday, the entry for the payment of wages
is a debit to Wages Expense for 6 days, a debit to Wages Payable for 1 day, and a credit to Cash for 5 days i.e. full week

ekkarill92 answered 1 year ago

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