Sunland Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays $1530 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January? A) Salaries and Wages Expense 7650         Salaries and Wages Payable   7650 B) Salaries and Wages Expense 4590         Salaries and Wages Payable   4590   C) No adjusting entry is required.   D) Salaries and Wages Expense 1530         Salaries and Wages Payable   1530

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Sunland Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays $1530 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January?

A)

Salaries and Wages Expense 7650  
      Salaries and Wages Payable   7650

B)

Salaries and Wages Expense 4590  
      Salaries and Wages Payable   4590

 

C) No adjusting entry is required.
 
D)
Salaries and Wages Expense 1530  
      Salaries and Wages Payable   1530
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