Charlton Cleaning Services Pays Out Wages Every Week on Friday $$\begin{array} { | l | r | r | } \hline \text { Wage expense } & 2,800 & \\\hline \text { Wage payable } & & 2,800 \\\hline\end{array}$$

question 129

Essay

Charlton Cleaning Services pays out wages every week on Friday afternoon.Payroll expense totals $3,500 per week,based on a 5-day week.The month of June ended on a Thursday.On Thursday,June 30,Charlton made the following accrual adjustment:
$$\begin{array} { | l | r | r | } \hline \text { Wage expense } & 2,800 & \\\hline \text { Wage payable } & & 2,800 \\\hline\end{array}$$ At the same time,they prepared the following reversing entry to be booked on July 1:
$$\begin{array} { | l | r | r | } \hline \text { Wage payable } & 2,800 & \\\hline \text { Wage expense } & & 2,800 \\\hline\end{array}$$ On Friday afternoon,when wages were paid out,what journal entry was made?
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

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Definitions:

Universality

The quality of being true or applicable in all situations, cultures, or cases.

Evaluative Readjustment

The process of adjusting one's evaluation or appraisal of a situation or information, based on new evidence or perspectives.

Encounter

A meeting or engaging experience between individuals, often leading to an exchange of ideas or a conflict.

Psychoanalytic

Pertaining to the theory and practice of psychoanalysis, which emphasizes unconscious psychological processes and their effects on behavior.