On December 31, 20–, Karmansky Company needed to record its accrued wages for year-end. 1 answer below »

On December 31, 20–, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages.

The company operates on a five-day workweek, the prior week’s gross pay (December 26 payday) was $32,650, and the net pay was $21,330.

Journalize the adjusting entry to be made on December 31 for the accrued wages.

 

 

 

"Is this question part of your assignment? We can help"

ORDER NOW

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *