Clear Cleaning Services pays out wages every week on Friday. Payroll expense totals $4,000 per week, based on a five-day week. The month of June ended on a Thursday
On Thursday, June 30, Clear made the following accrual adjustment:
Wages Expense 3,200
Wage Payable 3,200
At the same time, they prepared the following reversing entry to be booked on July 1:
Wages Payable 3,200
Wages Expense 3,200
On Friday afternoon, when wages were paid, what journal entry was made?
What will be an ideal response
Wages Expense 4,000
Cash 4,000
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