July 31,2013,the end of the quarter is on a Wednesday.Employees get paid each Friday for the week worked.Abel Co.has five employees who earn $100 per day each.Assuming the proper adjusting journal entry was made on June 30,prepare the journal entry to record the payment of wages on August 2.
Correct Answer:
Verified
Q151: Describe a work sheet and explain why
Q186: A company issued financial statements for the
Q187: During the year,Able Co.purchased $23,750 worth of
Q188: July 31,2013,the end of the quarter,is on
Q190: On December 31,2012,a company forgot to record
Q192: Describe the two alternate methods used to
Q192: Calculate the current ratio in each of
Q194: Listed below are a number of accounts.Use
Q195: The calendar year-end adjusted trial balance for
Q196: Given the table below, indicate the impact
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents