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Zen Arcade Paid the Weekly Payroll on January 2 by Debiting

Question 64

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Zen Arcade paid the weekly payroll on January 2 by debiting Salaries and Wages Expense for $47,000.The accountant preparing the payroll entry overlooked the fact that Salaries and Wages Expense of $27,000 had been accrued at year end on December 31. Zen Arcade paid the weekly payroll on January 2 by debiting Salaries and Wages Expense for $47,000.The accountant preparing the payroll entry overlooked the fact that Salaries and Wages Expense of $27,000 had been accrued at year end on December 31.

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