Chelsea Services Company Pays Its Staff Their Wages Every Friday $$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

question 66

Essay

Chelsea Services Company pays its staff their wages every Friday.The staff works a five-day work week and the payroll amounts to $25,000 per week.The last day of January falls on a Tuesday,and an adjustment entry is needed to accrue wage expense as of January 31.Please provide that entry.
$$\begin{array} { | l | r | r | } \hline \quad\quad\quad&\quad&\quad \\\hline \\\hline\end{array}$$

---

Definitions:

Simplified Version

An easier or less complex form of something, often used to aid understanding or analysis.

Minimum Probability

The lowest chance or likelihood of an event occurring, often used in statistical analysis and decision-making processes to evaluate risk.

Costs

The expenses incurred in the production of goods or services, including materials, labor, and overhead.

Firm Indifferent

A state where a business has no preference between two or more choices due to equivalence in outcomes.