Chapter 8, Problem 1CP

Irina Company pays its employees weekly. The last pay period for 20-1 was on December 28. From December 28 through December 31, the employees earned $1,754, so the following adjusting entry was made:

  The first pay period in 20-2 was on Januar)^-4. The totals line from Irina Company’s payroll register for the week ended Januar)^-4, 20-2, was as follows:

 REQUIRED

1. 1. Prepare the journal entry for the payment of the payroll on January 4, 20-2.
2. 2. Prepare T accounts for Wages and Salaries Expense and Wages and Salaries Payable showing the beginning balance, January 4, 20-2, entry, and aiding balance as of January 4, 20-2.