2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that the firm has transferred funds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount box does not require an entry, leave it blank. GENERAL JOURNAL PAGE DATE DESCRIPTION POST. REF. DEBIT CREDIT 20-- Oct. 14 fill in the blank 177445fc1f8a014_2 fill in the blank 177445fc1f8a014_3 fill in the blank 177445fc1f8a014_5 fill in the blank 177445fc1f8a014_6 fill in the blank 177445fc1f8a014_8 fill in the blank 177445fc1f8a014_9 fill in the blank 177445fc1f8a014_11 fill in the blank 177445fc1f8a014_12 fill in the blank 177445fc1f8a014_14 fill in the blank 177445fc1f8a014_15 Payroll register for week ended October 14. Oct. 14 fill in the blank 177445fc1f8a014_17 fill in the blank 177445fc1f8a014_19 Paid wages for week ended October 14.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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2. Prepare a general journal entry to record the payroll. The firm's general ledger contains a Wages Expense account and a Wages Payable account. Then assuming that the firm has transferred funds from its regular bank account to its special payroll bank account and that this entry has been made, prepare a general journal entry to record the payment of wages. If required, round your intermediate calculations and the final answers to the nearest cent and use the rounded answers in subsequent computations. If an amount box does not require an entry, leave it blank.

GENERAL JOURNAL	PAGE
DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT
20--
Oct. 14			fill in the blank 177445fc1f8a014_2	fill in the blank 177445fc1f8a014_3
			fill in the blank 177445fc1f8a014_5	fill in the blank 177445fc1f8a014_6
			fill in the blank 177445fc1f8a014_8	fill in the blank 177445fc1f8a014_9
			fill in the blank 177445fc1f8a014_11	fill in the blank 177445fc1f8a014_12
			fill in the blank 177445fc1f8a014_14	fill in the blank 177445fc1f8a014_15
	Payroll register for week ended October 14.

Oct. 14			fill in the blank 177445fc1f8a014_17
				fill in the blank 177445fc1f8a014_19
	Paid wages for week ended October 14.

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