Multiple Choice
Merando Industries employs a five-day workweek and a September 30 year-end.Normal weekly wages amount to $35,000.If September 30 is a Wednesday, what is the appropriate journal entry on October 2, the next payday for Merando?
A) Dr Salaries and Wages Expense $14,000 Dr Salaries and Wages Payable $21,000
Cr Cash $35,000
B) Dr Salaries and Wages Expense $21,000 Dr Salaries and Wages Payable $14,000
Cr Cash $35,000
C) Dr Salaries and Wages Expense $21,000 Cr Cash $21,000
D) Dr Salaries and Wages Payable $14,000 Cr Cash $14,000
Correct Answer:

Verified
Correct Answer:
Verified
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