Ask Question
5 September, 12:31

Ski Master Company pays weekly salaries of $18,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday.

+4
Answers (1)
  1. 5 September, 14:12
    0
    Answer and Explanation:

    The journal entries are shown below:

    Wages expense ($18,000 * 3 days : 5 days) $10,800

    To Wages payable $10,800

    (Being the accrued wages is recorded)

    For recording this we debited the wages expense as it increased the expenses and credited the wages payable as it also increased the liabilities
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Ski Master Company pays weekly salaries of $18,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers