medium · Financial Accounting accounting-cycle-financial-statements
Mariposa Catering has 40 employees earning an average of $22 per hour. The biweekly pay period ended Friday, Dec 26. At year-end (Wednesday, Dec 31), three business days of wages (Monday-Wednesday) remain unpaid.
If employees work 8 hours per day, what is the required wage accrual?
- $70,400
- $49,280
- $14,080
- $21,120
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