Chicago Works employs 20 workers. Each employee is paid wages of $25 per hour and works an 8-hour workday, Monday through Friday. Employee wages are paid every Friday for the workweek just ending.
A)Compute the dollar amount of the weekly payroll.
B)The last payday of the year was Friday, December 26. Prepare the adjusting entry for wages on Wednesday, December 31, the last day of the fiscal period.
Correct Answer:
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