An office pays salaries of $3,000 every Friday for a five- day workweek. If the accounting period ends on a Wednesday, calculate the amount of accrued wages that should be recorded in the adjusting entry.
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- Oak Park Senior Center has a weekly payroll of $20,000. December 31 falls on Monday, and Oak Park Senior Center will pay its employees the following Monday (January 7) for the previous full week. Assume Oak Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $600,000. Read the requirements. Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. Post the adjustment to the two accounts using a "Dec. 31" posting reference, and then calculate and enter the ending balance of the accounts using a "Bal." posting reference on the appropriate side of each account. Salaries Payable Salaries Expense Unadj. Bal. 600,000|| Requirements Requirement 3. Record the journal…please assist me with workings and explanation thanksHickory Park Senior Center has a weekly payroll of $5,000. December 31 falls on Thursday, and Hickory Park Senior Center will pay its employees the following Monday (January 4) for the previous full week. Assume Hickory Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense $610,000. Read the requirements. Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. Post the adjustment to the two accounts using a "Dec. 31" posting reference, and then calculate and enter the ending balance of the accounts using a "Bal." posting reference on the appropriate side of each account. Salaries Payable Salaries Expense Unadj. Bal. 610,000 Requirements Requirement 3. Record the…
- Employees of the Deco House were paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3rd. Employees work 5 days a week, Monday to Friday. The weekly payroll amounts to 3,800. The appropriate adjusting journal entry to be made on Tuesday, December 31, assuming the company's year-end is December 31, would you include a credit to Salaries Payable in tje amount ofAspen Park Senior Center has a weekly payroll of $20,000. December 31 falls on Monday, and Aspen Park Senior Center will pay its employees the following Monday (January 7) for the previous full week. Assume Aspen Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $600,000. Read the requirements. Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit Date Dec. 31 Cash Prepaid Salaries Revenues Salaries Expense Salaries Payable Requirements 1. Record the adjusting entry for accrued salaries on December 31. 2. Post the adjusting entry to the accounts involved and show their balances after adjustments. 3. Record the journal entry for payment of salaries made on January 7. Print Done XCedar Park Senior Center has a weekly payroll of $22,500. December 31 falls on Thursday, and Cedar Park Senior Center will pay its employees the following Monday (January 4) for the previous full week. Assume Cedar Park Senior Center has a five-day workweek and has an unadjusted balance in Salaries Expense of $520,000. Read the requirements. Requirement 1. Record the adjusting entry for accrued salaries on December 31. (Record debits first, then credits. Select the explanation o Date Accounts and Explanation Debit Credit Dec. 31 Requirements Unadj. Bal. 1. Record the adjusting entry for accrued salaries on December 31. 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. Print Done Requirement 2. Post the adjusting entry to the accounts involved, and show their balances after adjustments. Post the adjustment to the two accounts using a "Dec. 31" posting reference, and then calculate and enter the ending balance of the accounts using a "Bal."…
- Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workweek. Required: Prepare the adjusting entry on December 31 assuming the year ends on Thursday. Refer to the Chart of Accounts for exact wording of account titles.Employees at a certain company are paid on Friday, December 28 for the five days ending on December 28. The next payday is Friday, January 4. Employees work 5 days a week. The weekly payroll amounts to $3,150. The appropriate adjusting journal entry on December 31 would be to credit Salaries and Wages Payable for $2,520. $2,160 $1,260. $3,150. $630.Can you please solve this general accounting question?
- Refer to Exhibit 6-1. Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.Employees at the Sheffield Waffle House were paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3. Employees work 5 days a week. The weekly payroll amounts to $8050. The appropriate adjusting journal entry on December 31 would be to credit Salaries and Wages Payable for O $3220. O $8050. O $1610. O $4830.Green’s employees Are paid in cash each Friday for the weeks work and the payment for the payroll in recorded in the accounting system. The last PD on March was on Friday, March 26. The employees words on Monday, March 29, Tuesday March 30 and Wednesday, March 31. The employees are a total of $1200 for these last three days of March. In the general journal below record the required March 31 adjusting journal entry. 
