Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period. To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

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Answer 1

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Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

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Answer 2

Question

Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

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Answer 3

Question

Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

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Answer 4

Question

Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

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Answer 5

Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

Answer 6

Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

Answer 7

Chapter 4, Problem 4.15.2E

To determine

Concept Introduction:

Salaries and wages are one of the major expenses of an organization. The payment of salaries and wages are recorded on regular basis. There is a need to make an adjusting entry at the end o the accounting period of the accrued wages. The accrued wages are recorded with the title wages payable and the wages payable is paid in the next accounting period.

To indicate: The transaction on Sept. 26, for the payment of weekly payroll.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 4 - Revenue Recognition The highway department...Ch. 4 - Prob. 4.2.1E Ch. 4 - Prob. 4.2.2E Ch. 4 - Prob. 4.2.3E Ch. 4 - Prob. 4.3E Ch. 4 - Prob. 4.4E Ch. 4 - Prob. 4.5E Ch. 4 - Prob. 4.6.1E Ch. 4 - Prob. 4.6.2E Ch. 4 - Prob. 4.6.3E

Solution Summary: The author explains that salaries and wages are one of the major expenses of an organization. The journal entry for the payment of weekly payroll is as follows:

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