Charlton Cleaning Services pays out wages every week on Friday afternoon. Payroll expense totals $3,500 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Charlton made the following accrual adjustment:
At the same time, they prepared the following reversing entry to be booked on July 1:
On Friday afternoon, when wages were paid out, what journal entry was made?

Question

Charlton Cleaning Services pays out wages every week on Friday afternoon. Payroll expense totals $3,500 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Charlton made the following accrual adjustment:
  At the same time, they prepared the following reversing entry to be booked on July 1:
  On Friday afternoon, when wages were paid out, what journal entry was made?

Quizplus · Accepted Answer

The Answer of Charlton Cleaning Services pays out wages every week on Friday afternoon. Payroll expense totals $3,500 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Charlton made the following accrual adjustment:
  At the same time, they prepared the following reversing entry to be booked on July 1:
  On Friday afternoon, when wages were paid out, what journal entry was made?

Charlton Cleaning Services Pays Out Wages Every Week on Friday