Chelsea Services Company pays its staff their wages every Friday. The staff works a five-day work week and the payroll amounts to $25,000 per week. The last day of January fell on a Tuesday, and an adjustment entry was made on that date to accrue wage expense. On Friday, February 3, Chelsea Company pays out $25,000 in wages as usual. Please provide the entry needed at the time the wages are paid.

Question

Chelsea Services Company pays its staff their wages every Friday. The staff works a five-day work week and the payroll amounts to $25,000 per week. The last day of January fell on a Tuesday, and an adjustment entry was made on that date to accrue wage expense. On Friday, February 3, Chelsea Company pays out $25,000 in wages as usual. Please provide the entry needed at the time the wages are paid.
Chelsea Services Company pays its staff their wages every Friday. The staff works a five-day work week and the payroll amounts to $25,000 per week. The last day of January fell on a Tuesday, and an adjustment entry was made on that date to accrue wage expense. On Friday, February 3, Chelsea Company pays out $25,000 in wages as usual. Please provide the entry needed at the time the wages are paid.

Quizplus · Accepted Answer

The Answer of Chelsea Services Company pays its staff their wages every Friday. The staff works a five-day work week and the payroll amounts to $25,000 per week. The last day of January fell on a Tuesday, and an adjustment entry was made on that date to accrue wage expense. On Friday, February 3, Chelsea Company pays out $25,000 in wages as usual. Please provide the entry needed at the time the wages are paid.

Chelsea Services Company Pays Its Staff Their Wages Every Friday