As of January 31, 2004, Wyle Construction Inc. owed its employees $5,000 for wages. Because the 31st falls on a Saturday, Wyle did not pay its employees until the following Monday, February 2. Under the cash basis, when would the wages expense of $5,000 be recorded? Explain.
https://qualitywriters.org/wp-content/uploads/2019/11/logo-300x75.png 0 0 Paul https://qualitywriters.org/wp-content/uploads/2019/11/logo-300x75.png Paul2020-09-30 00:00:002021-07-03 03:12:41Under the cash basis, when would the wages expense of $5,000 be recorded? Explain.