What is wages? TVS Corp. has 9 employees and each employee ispaid on average $187 per day and works 7 days aweek. The company's year-end is December 31. Theemployees were last paid on December 23 for thetwo weeks that ended on December 16. What is thewages and salary payable to record for December31?

Explanation of Wages and Salaries Payable:Wages and salaries payable refer to the amount owed to…

Answered: TVS Corp. has 9 employees and each…

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter10: Payroll Register (pr)

Section: Chapter Questions

Problem 4R

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TVS CORP
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TVS Corp. has 9 employees and each employee is paid on average $187 per day and works 7 days a week. The company's year-end is December 31. The employees were last paid on December 23 for the two weeks that ended on December 16. What is the wages and salary payable to record for December 31?