Problem related to end of the accounting period


Sage, Inc. has 20 employees who each earn $100 per day and are paid every Friday. The end of the accounting period is on a Wednesday. How much wages should the firm accrue at the end of the period?

A. $2,000.

B. $1,000.

C. $0.

D. $6,000.

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Accounting Basics: Problem related to end of the accounting period
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