FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays P80,200 a day in wages. How much is the accrued wages expense at the end of January?

PAYROLL ACCT.,2019 ED.(LL)-TEXT
19th Edition
ISBN:9781337619783
Author:BIEG
Publisher:BIEG
Chapter4: Income Tax Withholding
Section: Chapter Questions
Problem 14QR: Trowbridge Company has just completed the processing of its year-end payroll and distributed all the...
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FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29–31). Employees work 5 days a week and the company pays P80,200 a day in wages. How much is the accrued wages expense at the end of January?

FDN Company paid employee wages on and through Friday, January 26, and
the next payroll will be paid in February. There are three more working days in
January (29-31). Employees work 5 days a week and the company pays
P80,200 a day in wages. How much is the accrued wages expense at the end
of January?
Transcribed Image Text:FDN Company paid employee wages on and through Friday, January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pays P80,200 a day in wages. How much is the accrued wages expense at the end of January?
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