A company operates five days per week with a daily payroll of $6,000. Employees are paid every Friday. The last day of the accounting period is Thursday, October 31. What is the amount of Wage Expense to be recorded on the next payday, Friday, November 1?
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| 1 | Effect on the Current Ratio | Easy | |
| 2 | Closing Journal Accounts | Easy | |
| 3 | Revenue Journal Entry | Easy | |
| 4 | Retained Earnings | Easy | |
| 5 | Revenue Recognition | Easy | |
| 6 | Current Assets | Easy | |
| 7 | Adjusting Entry Identification | Easy | |
| 8 | Revenue Recognition | Easy | |
| 9 | Solving for Missing Amounts | Moderate | |
| 10 | Closing Process | Moderate | |
| 11 | Determining Net Income From Journal Entries | Moderate | |
| 12 | Determining Net Income From Transactions | Moderate | |
| 13 | Adjusting Entry - Salaries Payable | Moderate | |
| 14 | Prepaid Rent | Moderate | |
| 15 |
Adjusting Entry - Wage Expense
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Moderate | |
| 16 | Revenue Recognition | Moderate | |
| 17 | The Effect of Transactions | Hard | |
| 18 | When You Forget to do Adjusting Entries | Hard | |
| 19 | Account Classifications | Hard | |
| 20 | Revenue and Expense Recognition | Hard | |
| 21 | Calculating Operating Income | Hard | |
| 22 | Adjusting Journal Entries | Hard | |
| 23 | Adjusting Journal Entries | Hard | |
| 24 | Year End Closing & Account Classification | Hard |
| 1 | Cash vs. Accrual Accounting | 7:21 | |
| 2 | Expense Recognition | 8:07 | |
| 3 | Accruals and Deferrals | 15:07 | |
| 4 | What is an Adjusting Entry? | 4:11 | |
| 5 | Adjusting Entry: Supplies | 1:54 | |
| 6 | Adjusting Entry: Wages | 4:52 | |
| 7 | Adjusting Entry: Unearned Revenue | 2:11 | |
| 8 | Adjusting Entry: Interest | 2:03 | |
| 9 | Contra-accounts | 4:40 | |
| 10 | Depreciation | 7:10 | |
| 11 | Current Assets | 9:57 | |
| 12 | Non-Current Assets | 10:25 | |
| 13 | Current Liabilities | 6:24 | |
| 14 | Non-Current Liabilites | 2:00 | |
| 15 | The Classified Balance Sheet | 4:48 | |
| 16 | Contributed Capital | 5:10 | |
| 17 | Retained Earnings vs Shareholder's Equity | 6:41 | |
| 18 | The Multistep Income Statement | 12:44 | |
| 19 | The Closing Process | 10:37 | |
| 20 | Ratios: Working Capital | 2:29 | |
| 21 | Ratios: Current Ratio | 4:00 |