Accrued Expense

[dinosaur93]

Say today is the 1st of november, Staff normally work a 6-day week and are paid on the 7th day.

7-Nov      Staff Wages           $3061
13-Nov    Staff Wages           $3061
20-Nov    Staff Wages           $3061
27-Nov    Staff Wages           $3061

November finishes on a 31st, how would you record this in the adjusted entry?

What do you Debit in the salary expense and credit in the accrued staff wages?

How would you take into consideration the payment for the last 5 days, do you just ignore them and assume that they roll unto the next moth's recording period? (Wouldnt expenses incur before the start of december?)

[abcdqd]

week one: 1 2 3 4 5 6 .  7 = payday
week two: 8 9 10 11 12 13.  14= payday
week three: 15 16 17 18 19 20.  21=payday
week four: 22 23 24 25 26 27.  28=payday
remaining working days: 29, 30, 31 (expense incurred but not yet paid). wage each day: 3061/6 = 510.166. therefore wages expense incurred and accrued wages are 510.166 * 3 = 1530.50

EDIT: fked it up but fixed it now