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elena-s [515]
2 years ago
12

Assume December 31 is a Wednesday. Weld-Rite Company’s wages are paid every Friday, and the weekly payroll (for five days) amoun

ts to $6,000. To record the correct amount of expense for December, Weld-Rite makes the following entry on December 31: __________________________.
Business
1 answer:
AlexFokin [52]2 years ago
4 0

Answer:

Please see explanation

Explanation:

The following journal entry shall be recorded in the accounts of Weld-Rite Company  in respect of salaries expense to be accrued as at December 31:

                                                           Debit                Credit

Salaries expense                              $3,600

(6,000/5*3)                                                                

Salaries payable                                                         $3,600

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