Snelling Tables paid employee wages on and through Friday January 26 and the next payroll will be paid in February.There are three more working days in January (29-31).Employees work 5 days a week and the company pays $1200 a day in wages.What will be the adjustments to accrue wages expense at the end of January?

Question

Quizplus · Accepted Answer

Since Snelling Tables has paid employee wages up until Friday January 26, there are three more working days (January 29-31) that need to be accrued for. This means that employees will work 3 more days in January, which equals 3/5 of a typical workweek.

To calculate the adjustment needed, we can multiply the daily wage of $1200 by 3/5 and then multiply that result by the number of employees. Since the problem does not specify how many employees there are, we cannot calculate an exact amount. However, we can still determine the correct choice based on the options given.

Choice A is incorrect because it only accrues one day of wages, not the three days that are left in January.

Choice B is incorrect because it would accrue wages for the entire month of January, not just the three days that are left.

Choice C is correct because it accurately reflects the wages that need to be accrued for the remaining three days in January.

Choice D is incorrect because an adjustment is needed to accurately reflect the wages that need to be accrued.

Snelling Tables Paid Employee Wages on and Through Friday January