IA operates 5 days per week with a daily payroll of $4,000. Employees are paid every Saturday for the workweek just cmpletes (Monday through Friday) The last day of the month is Wed., March 31. What is the amount of the wages expense recorded on the next payday, Sat. April 3?

On April 3 they will have completed a 5 day work week of March 29 to April 2. A five day payroll would be $20,000. If they record weekly payments, that is what it should be.

To determine the amount of the wages expense recorded on the next payday, we need to consider the following information:

1. IA operates 5 days per week, indicating that they pay their employees for 5 working days (Monday through Friday).

2. The daily payroll is $4,000, which means that each day, IA pays $4,000 in wages to its employees.

3. The last day of the month is Wednesday, March 31, and the next payday is Saturday, April 3.

4. Considering that employees are paid every Saturday for the workweek that just completed (Monday through Friday), we need to determine the number of working days between March 31 and April 3.

To calculate the number of working days, we can exclude weekends from the count:

- Wednesday, March 31 (exclude): Not a working day
- Thursday, April 1: A working day
- Friday, April 2: A working day
- Saturday, April 3: Payday

Since there are two working days (Thursday and Friday) between March 31 and April 3, IA will need to account for the wages expense for these two days on the next payday.

Now, we can calculate the wages expense for Thursday and Friday:

Wages expense = Number of working days × Daily payroll
Wages expense = 2 days × $4,000/day
Wages expense = $8,000

Therefore, on the next payday, Saturday, April 3, the wages expense recorded will be $8,000.