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.
