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Author Question: An overpayment error was discovered in computing and paying the wages of a Jamison Tree ... (Read 80 times)

joblessjake

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  • Posts: 555
on: Jul 5, 2018
An overpayment error was discovered in computing and paying the wages of a Jamison Tree Trimmingemployee. When Jamison receives cash from the employee for the amount of the overpayment, which of thefollowing entries will Jamison make?
 a. Cash, debit; Wages Expense, credit
  b. Wages Payable, debit; Wages Expense, credit
  c. Wages Expense, debit, Cash, credit
  d. Cash, debit; Wages Payable, credit

Question 2

Indirect labor and distribution costs would most likely be in the same activity-cost pool.
 
  Indicate whether this statement is true or false.


kingdude89

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Reply #1 on: Jul 5, 2018
Answer to Question 1

a

Answer to Question 2

Answer: FALSE


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