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.

---

Definitions:

Primary group

A small social group characterized by close, personal, and enduring relationships, such as those between family members and close friends.

Regular basis

A consistent, repeated interval at which activities or events occur, whether daily, weekly, monthly, or on a similarly predictable schedule.

Spending time

The allocation of one's duration towards various activities or tasks over a period.

Interact regularly

The continuous engagement or communication between individuals or entities in a consistent and repeated manner.