How much will xyz flooring accrue for salaries and wages

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Reference no: EM132808250

XYZ Flooring operates from Monday to Friday and pays its employees on a weekly basis. On July 27 employees are paid for the week ending July 27, while on August 3 they are paid for the week ending August 3. XYZ Flooring's salary and wages expense for the week ending July 27 was $47,500.00. The accounting month-end for July is July 31.

Problem 1: How much will XYZ Flooring accrue for salaries and wages for the last week of July in the July accounting period in order to accurately reflect these costs for the month.

Reference no: EM132808250

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