Solved

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

Question 6

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, Monday, March 31, 2016.What amount is wages expense for April for the payday, Friday, April, 4, 2016?


A) $ -0-
B) $40,000
C) $10,000
D) $50,000

Correct Answer:

verifed

Verified

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

Related Questions