20-1 5 Dec 31 Wages and Salaries Expense 17 5 4 00 5 Wages and Salaries Payable 17 5 4 00 | 6 7 To record accrued wages and salaries 6 PAYROLL REGISTER A CMLAM 1 Totals 3350 00 3350 00 3350 00 3350 00 335e 00 WEEK ENDED Juruary 4,20 2 OAL 70 62 28 721 72 1 REQUIRED 1. Prepare the journal entry for the payment of the payroll on January 4, 20-2. 2. Prepare T accounts for Wages and Salaries Expense and Wages and Salaries Payable showing the beginning balance, January 4, 20-2. entry, and ending balance as of January 4, 20-2. CHALLENGE PROBLEM Irina Company pays its employces weekly. The last pay period for 20-1 was on December 28. From December 28 through December 31, the employees earned $1,754, so the following adjusting entry was made: This problem challenges you to apply your cumulative accounting knowledge to move a step beyond the material in the chapter. 31 wign tpne Wasa Pa Taerdarmedwasasikres / Dr. Wages and Salaries The first pay period in 20-2 was on January 4. The totals line from Irina Company's payroll register for the week ended January 4, 20-2, was as follows: Espense: $1,56 PROLL REGSTER Tatas VEEKEND nary 20-2 REQUIRED 1. Prepare the joumal entry for the payment of the payroll on January 4, 20-2. 2. Prepare Taccounts for Wages and Salaries Expense and Wages and Salaries Payable showing the beginning balance, January 4, 20-2, entry, and ending, balance as of January 4, 20-2.

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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This problem challenges you to apply your cumulative accounting knowledge to move a step beyond the material in the chapter.

Irina Company pays its employees weekly.The last pay period for 20-1 was on December 28.From December 28 through December 31, the employees earned $1,754, so the following adjusting entry was made:

The first pay period in 20-2 was on January 4.The totals line from Irina Company's payroll register for the week ended

January 4, 20-2,was as follows:

REQUIRED

a.Prepare thejournal entry for the payment of the payroll on January 4, 20-2.

b.Prepare T accounts for Wages and Salaries Ex. pense and Wages and Salaries Payable showing the beginning balance, January 4, 20-2.entry, and ending balance as of January 4, 20-2.

20-1
5
Dec 31 Wages and Salaries Expense
17 5 4 00
5
Wages and Salaries Payable
17 5 4 00
| 6
7
To record accrued wages and salaries
6

PAYROLL REGISTER
A
CMLAM
1 Totals
3350 00
3350 00
3350 00
3350 00
335e 00
WEEK ENDED Juruary 4,20 2
OAL
70
62 28
721 72
1
REQUIRED
1. Prepare the journal entry for the payment of the payroll on January 4,
20-2.
2. Prepare T accounts for Wages and Salaries Expense and Wages and
Salaries Payable showing the beginning balance, January 4, 20-2. entry,
and ending balance as of January 4, 20-2.
CHALLENGE PROBLEM
Irina Company pays its employces weekly. The last pay period for 20-1 was on
December 28. From December 28 through December 31, the employees earned
$1,754, so the following adjusting entry was made:
This problem challenges
you to apply your
cumulative accounting
knowledge to move a step
beyond the material in the
chapter.
31 wign tpne
Wasa Pa
Taerdarmedwasasikres
/ Dr. Wages and Salaries
The first pay period in 20-2 was on January 4. The totals line from Irina
Company's payroll register for the week ended January 4, 20-2, was as follows:
Espense: $1,56
PROLL REGSTER
Tatas
VEEKEND nary 20-2
REQUIRED
1. Prepare the joumal entry for the payment of the payroll on January 4, 20-2.
2. Prepare Taccounts for Wages and Salaries Expense and Wages and Salaries
Payable showing the beginning balance, January 4, 20-2, entry, and ending,
balance as of January 4, 20-2.

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