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

question 103

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,Tuesday,March 31,2013.What amount is wages expense for April for the payday,Friday,April,3,2013?

• A)$ -0-
• B)$20,000
• C)$30,000
• D)$50,000

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Definitions:

Oblige

To bind morally or legally, as by a promise or contract.

Needs

Fundamental or basic requirements necessary for individuals to feel fulfilled, satisfied, and secure, including physical, emotional, social, and psychological aspects.

Patterns Of Violence

Refers to the recurring behaviors or acts that result in physical, emotional, or psychological harm to others, often observed in abusive relationships or societies.

Domestic Abuse

Domestic abuse refers to patterns of behavior in a relationship that are used to gain or maintain power and control over an intimate partner.