jan 10. The company hired a part-time office assistant to work 2 days/week on
Thursday and Friday, at $200/week, paid bi-weekly.
would I just put in
wages expense 200.00
….Cash…………….200.00
or would i put 100.00 every 7 days starting with the day of hire. or what? is the placement of expenses, and cash correct on the top one.. thank you.
Accounting Help. Not Sure About Bi-weekly Payment?
By pay online Posted in: payment
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Bi-weekly means every 2 weeks. So if the office assistant gets paid $200 per week, every two weeks, that’s $400 every two weeks. So the entry every two weeks would be:
Dr Wages Expense 400
Cr Cash 400
*Note: On Jan. 10, the actual date of hire, no entry is necessary. Until work is performed, no expense is accrued.