Cindi's Candies Paid Employee Wages on and Through Friday, January

question 170

Short Answer

Cindi's Candies paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays $900 a day in wages. What will be the adjusting entry to accrue wages expense at the end of January?

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Definitions:

Neutrons

Subatomic particles found in the nucleus of an atom, having no electric charge and a mass about equal to that of protons.

Protons

Positively charged subatomic particles found within the nucleus of an atom, contributing to the atom's charge and atomic number.

Electrons

Subatomic particles with a negative electrical charge, found in all atoms and acting as the primary carriers of electricity in solids.

Periodic Table

A structured table of chemical elements, sorted by atomic number, electron configuration, and repetitive chemical characteristics.