Snelling Tables Paid Employee Wages on and Through Friday, January

question 125

Multiple Choice

Snelling Tables 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:

Staffing Table

Total HR demand requirement for operational or short-run time periods.

HR Demand

The estimated number and type of employees an organization will need in the future to meet its business objectives.

Tight Labour Market

Economic conditions characterized by low unemployment rates and high demand for workers, often leading to increased wages and a competitive environment for hiring.

Labour Supply

The total hours that workers are willing and able to work at a given wage rate.