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ID: 2404477 • Letter: M

Question

My Blackboard x D File a Phone Insu x Asurion C O ezto.mheducation.com/hm.tpx xBootcamp QuizC Cambridge Apps Bookmarks A weekly time ticket for Joyce Caldwell follows: Direct Labor Time Ticket Ticket Number: TT338 Dates: Monday 8/12- Friday 8/16, 2016 Employee: Joyce Caidwell Time Time Ended 3:00 PM 3:00 PM 3:00 PM 11:00 AM 4:00 PM 3:00 PM Total Job Date 8/12/2016 8/13/2016 8/14/2016 8/15/2016 7:00 AM 8/15/2016 12:00 PM 8/16/2016 7:00 AM 7:00 AM 8 hours 8 hours 8 hours 4 hours 4 hours Maintenance 8 hoursJob Job 271 Job 271 Job 272 Job 272 00 AM Weokly Total Job 273 Total Total Wages Eamed 40 hours Hourty Labor Rate $21 $840 Required Prepare a journal entry to record Joyce's wages. (if no entry is required for a transactionlevent, select "No Jo field.) View transaction list 1 Record Joyce's wages to be paid at a later date.

Explanation / Answer

Since the employee is used as direct labour it constitutes work in process and the wages payable are to be debited to work in process account and the wages payable are to be credited to Wages payable Account indicating that as a liability.

So the journal entry is as follows:

Work in process A/c Dr $1,400

To Wages Payable A/c   $1,400

(Being direct labour wages payable recorded)

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