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Journalize payment of the employee wages on monday

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Reference no: EM132579836

A company's employees work a 5-day week Monday thru Friday and are paid on the following Monday. The weekly wage bill is $4,000. The company's financial year ends on Dec 31. Dec31, 2019 falls at midnight on Tuesday, and payday falls on Monday 6 Jan 2020.

Question 1: Journalize the Dec 31, 2019 adjusting entry

Question 2: Journalize payment of the employee's wages on Monday Jan 6, 2020

Reference no: EM132579836

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