On December 31, 20-, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week's gross pay was $32,650, and the net pay was $21,330. Journalize the adjusting entry to be made on December 31 for the accrued wages. JOURNAL POST. DATE DESCRIPTION DEBIT CREDIT REF.
On December 31, 20-, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week's gross pay was $32,650, and the net pay was $21,330. Journalize the adjusting entry to be made on December 31 for the accrued wages. JOURNAL POST. DATE DESCRIPTION DEBIT CREDIT REF.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On December 31, 20-, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a
Tuesday, then Karmansky Company must account for two days of wages.
The company operates on a five-day workweek, the prior week's gross pay was $32,650, and the net pay was
$21,330.
Journalize the adjusting entry to be made on December 31 for the accrued wages.
JOURNAL
POST.
DATE
DESCRIPTION
DEBIT
CREDIT
REF.
2
4
5
5
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