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masya89 [10]
3 years ago
7

A company pays an employee $3,000 for a five-day work week, monday–friday. the adjusting entry on december 31, which is a wednes

day, is a debit to wages expense, $1,800, and a credit to wages payable, $1,800. true
Business
1 answer:
GREYUIT [131]3 years ago
5 0

Answer: True

Explanation:

From the question, we are told that a company pays an employee $3,000 for a five-day work week from Monday to Friday. This means that the employee receives a daily payment of ($3,000/5) = $600.

On Wednesday which is the third day, he will be paid ($600 × 3) = $1800. Therefore , the adjusting entry on December 31, which falls on a Wednesday will be to debit the wages expense, $1,800, and then credit to wages payable of $1,800.

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Answer:

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Explanation:

The computation is shown below:

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For 2011, it would be

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