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Brown Co. pays weekly salaries of $10,500 on Friday for a five-day work week ending on that day. Assuming the end of the accounting period ends on Wednesday, the adjusting journal entry will include a:_______.

Respuesta :

Answer:

Explanation:

The adjusting entry is shown below:

Wages Expense A/c Dr $6,300

     To Wages payable A/c $6,300

(Being the wages are adjusted)

The computation is shown below:

= Five days salaries ÷ number of days in a week × given days

= $10,500 ÷ 5 days × 3 days

= $6,300

So, the wages expense is debited for $6,300 and wages payable is credited for $6,300

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