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The company has 5 employees, who earn a total of $1,000 each working day. They are paid each Monday for their work in the five-day work week ending the previous Friday. Assume that December 31, is a Tuesday, and all 5 employees worked the first two days of the week. How much should be adjusted for on December 31?

Respuesta :

$400 is the final answer!! :)))

abiolataiwo2015

Based on the information given the amount that should be adjusted for on December 31 is $2,000.

Adjusted amount:

Adjusted amount= Total salary each day × number of days

Adjusted amount= $1,000 × 2days

Adjusted amount= $2,000

The 2 days is computed from Monday to Tuesday

Journal entry:

Debit Salaries expense $2000

Credit Salaries payable $2000

Inconclusion the amount that should be adjusted for on December 31 is $2,000.

Learn more about adjusted amount here:https://brainly.com/question/1931633

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