Answer:
Explanation:
The adjusting entry would be
Wages expense A/c Dr $2,000
To Wages payable A/c $2,000
(Being the wages are adjusted)
Since the total wages per week is $2,500 and December 31 fell on a Thursday. So the wages which are paid from Monday to Thursday would be
= Wages per week × number of days ÷ total number of days in a week
= $2,500 × 4 days ÷ 5 days
= $2,000
