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Business, 11.03.2020 21:46 25cotahai

1. Nolanville’s payroll for one of its departments is $15,000 per week. It pays its employees on the Thursday of the week following that in which the wages and salaries are earned. In 2021, December 31 falls on a Friday. For the workweek beginning Monday, December 27, 2021, and ending Friday, December 31, 2021, employees were paid on Friday, January 7, 2022. For fiscal 2021, what amount should the city recognize as wage and salary expenditure/expense pertaining to the week ending Friday, December 31, 2021, in its fund statements and its government-wide statements? Fund Statements Government-Wide Statements

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