In Recording the Monthly Adjusting Entry for Accrued Wages at the End

question 62

Multiple Choice

In recording the monthly adjusting entry for accrued wages at the end of the accounting period, the amount of the adjustment would usually be determined by:

• A) collecting the timesheets for the days accrued.
• B) using the same amount as the prior month's adjustment.
• C) using the wages of the salaried workers only.
• D) a percentage of the previous week's gross payroll.
• E) a percentage of the previous week's net payroll.

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Definitions:

Limbs

The appendages of the body, such as arms and legs, that extend from the central part of the organism.

Normal Development

The typical progression through different stages of physical, cognitive, emotional, and social growth expected at certain ages.

Blood

A vital fluid in humans and animals that delivers necessary nutrients and oxygen to the cells and carries away waste products.

Mother

A female parent of a child or offspring.