A Company's Weekly Payroll Amounts to $50,000 and Payday for the Week

question 64

Multiple Choice

A company's weekly payroll amounts to $50,000 and payday for the week is every Friday. Employees work five days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Monday, March 31, 2014. What amount is wages expense for April for the payday, Friday, April, 4, 2014?

• A) $40,000
• B) $50,000
• C) $ -0-
• D) $10,000

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