Baker Construction, Inc. pays its employees each Friday for the work they performed that week. Baker’s employees only work on Monday through Friday. They do not work on Saturday or Sunday. Baker...

Baker Construction, Inc. pays its employees each Friday for the work they performed that week.

Baker’s employees only work on Monday through Friday. They do not work on Saturday or

Sunday. Baker produces monthly financial statements; thus they prepare adjusting entries at the

end of each month.

For the month of June, the last payday was on Friday June 25th. The last day of June was on

Wednesday June 30th. The first payday of July was on Friday July 2nd. The following partial

calendar shows these days and dates:

Sunday Monday Tuesday Wednesday Thursday Friday Saturday

June 20 June 21 June 22 June 23 June 24 June 25 June 26
June 27 June 28 June 29 June 30 July 1 July 2 July 3
The following table shows the amount the employees were paid on Friday June 25th and on Friday

July 2nd. The table also shows the data required to calculate the amount the employees earned

for the last three workdays of June.

Wages paid on Friday, June 25th ......................... $6,200

Wages paid on Friday, July 2nd ........................... $5,950

Data for June 28, 29, & 30 – the last three days worked in June:

Number of employees working each day ............ 10 employees per day

Hours each employee worked per day ................. 8 hours per day

Hourly wage rate ................................................. $16 per hour

The following is a partial list of the accounts in Baker’s General Ledger. These are the only

accounts you need for this problem.

 Cash

 Wages Payable

 Wages Expense





Requirement 1

Prepare the General Journal entry to record the wage payment made to the employees on

Friday June 25th
.

Requirement 2

Calculate the total amount the employees earned for:

Monday June 28th + Tuesday June 29th + Wednesday June 30th
.

Requirement 3

Prepare the June 30 General Journal adjusting entry for Wages Payable.

Requirement 4

Prepare the General Journal entry to record the wage payment made to the employees on

Friday July 2nd
.

Hint: A portion of the wage payment is paying-off the Wages Payable liability that was recorded

in the June 30th adjusting entry, and a portion of the wage payment is Wages Expense for

the month of July.