None Wages of $4,000 are paid every Friday for afive-day workweek. If year end falls on aTuesday, the adjusting entry for wages wouldbe recorded at what amount? (Show work.)

Step 1: Define WagesThere are times when wages earned by a worker are in one period and those…

Answered: Wages of $4,000 are paid every Friday…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter7: Employee Earnings And Deductions

Section: Chapter Questions

Problem 3PA

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Joseph Cavato is paid $12.96 per hour. During the past week, he worked 46 hours, and he is a covered employee who must be paid for overtime. Calculate his gross pay using the overtime premium approach. Round your overtime rate to two decimal places and use the rounded amount in subsequent computations. Round your final answers to the nearest cent. a. Regular pay (46 hours) c. Gross pay

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Wages of $4,000 are paid every Friday for a five-day workweek. If year end falls on a Tuesday, the adjusting entry for wages would be recorded at what amount? (Show work.)