Creek Inc.has a weekly payroll of $8,000 for a 5-day workweek,Monday through Friday.If December 31,the last day of the accounting year,falls on Wednesday,Creek would make an adjusting entry that would

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Creek Inc. needs to account for the wages expense incurred from Monday to Wednesday, which is 3/5 of the weekly payroll. Therefore, the adjusting entry would increase wages expense by $4,800 (3/5 of $8,000).

Creek IncHas a Weekly Payroll of $8,000 for a 5-Day Workweek,Monday