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A manufacturing company's weekly payroll is $800,000 for a 5-day work week beginning each Monday and...

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Accounting

A manufacturing company's weekly payroll is $800,000 for a 5-daywork week beginning each Monday and ending each Friday. The lasttime salaries and wages were recorded was Friday, December 26. Whatadjustment is needed on December 31, the last day of the company'sfiscal period?

The answer is: Increase Wages Expense by $480,000 but I'm unsurehow you get the number $480,000?

Answer & Explanation Solved by verified expert
3.6 Ratings (529 Votes)
First we shall find the Daily Payroll of the company Given Companys weekly payroll 800000 Also given that is for a 5 day work beginning each Monday and ending each Friday    See Answer
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