Pabko Management nas tive that December 28 2016 was a Fnday

Pabko Management nas tive that December 28 2016, was a Fnday, and that they were paid in ful on hat day The next we part-time employees, each at wnom eams $250 per day They are nomaty pad an Frxdays tor work completed Monday through Friday of the same week. Assume ek the five employees worked onty tour days because New y was an urpad holday Prepare the adjusting ennly that would be recorded on Monday. December 31, 2015 and Fiday, January 4, 2017 Journal entry worksheet Record adjusting entry on Monday, December 31, 2016 Note: Eriter debita before credts. Transaction General Jounal Varw generel journat Hecord entry O Type here to search

Solution

TR General Journal Debit Credit 12/31/2016 Wage expense 1250 Wages payable 1,250 (250*5) 1/4/2017 Wages payble 1,250 wage expense (250*3*5) 3750 cash 5,000