What journal entry would be made on september 30 for wages


Cindy Lou makes $30,000 per year as an exempt employee. She worked 15 hours of overtime in the month of September. Payday for wages earned in the month of September is October 7. Ignoring Federal and State income tax with holdings, how much would she receive for September net of Social Security and Medicare taxes? What journal entry would be made on September 30 for wages owed to Cindy? What journal entry would be made when she is paid on October 7?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: What journal entry would be made on september 30 for wages
Reference No:- TGS02615401

Now Priced at $10 (50% Discount)

Recommended (99%)

Rated (4.3/5)