menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Corporate Financial Accounting Study Set 1
  4. Exam
    Exam 3: Adjustments: Accruals and Deferrals
  5. Question
    A Company Pays an Employee $3,000 for a Five-Day Work
Solved

A Company Pays an Employee $3,000 for a Five-Day Work

Question 72

Question 72

True/False

A company pays an employee $3,000 for a five-day work week, Monday-Friday. The adjusting entry on December 31, which is a Wednesday, is a debit to Wages Expense, $1,800, and a credit to Wages Payable, $1,800.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: The difference between deferred revenue and accrued

Q19: The unearned rent account has a balance

Q51: Adjusting entries affect balance sheet accounts to

Q70: Prepaid rent, representing rent for the next

Q114: Which of the accounts below would most

Q120: Which of the following is an example

Q127: Which of the following is an example

Q176: Which account would normally not require an

Q198: On December 31, a business estimates depreciation

Q204: Accrued salaries of $600 owed to employees

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines