A company's weekly payroll amounts to $50,000 and payday for the week is every Friday.Employees work five days per week, Monday through Friday.The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2016.What amount is wages expense for April for the payday, Friday, April, 4, 2016?

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The weekly payroll is $50,000 for five days of work (Monday through Friday). Since the payday is Friday, April 4, 2016, and the accounting period ended on Monday, March 31, 2016, four days of wages (Tuesday, Wednesday, Thursday, and Friday of that week) fall into April. Therefore, the wages expense for April is 4/5 of the weekly payroll: $50,000 * (4/5) = $40,000.

A Company's Weekly Payroll Amounts to $50,000 and Payday for the Week