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On december 31 20 sanchez company needed to record its

On December 31, 20, Sanchez Company needed to record its accrued wages for year end. If December 31 is a Wednesday, then Sanchez Company must account for three days of wages. The company operates on a five day workweek, the prior week's gross pay (December 26 payday) was $29,870, and the net pay was $19,995.

Journalize the adjusting entry to be made on December 31 for the accrued wages.

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Accounting Basics: On december 31 20 sanchez company needed to record its

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