第4章 会计循环：应计和递延(1).pptVIP

4 Here is an example of accrued wages. Webb Company pays its employees each Friday. The end of the current month, May, is on Wednesday. There have been $3,000 in wages earned by Webb’s employees from Monday, May 29th, through Wednesday, May 31st. Can you prepare the adjusting journal entry required of Webb on May 31st? 4 As with most expense accruals, Webb will debit an expense account, in this case Wages Expense, for $3,000 and credit a liability account, in this case Wages Payable, for $3,000.The wages earned by employees during May will be recorded in the proper period. 4 The balance i