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Author Question: During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume ... (Read 46 times)

lidoalex

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During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume no other adjusting entries have been done this fiscal year. The adjusting entry for wages would be:
◦ debit Wages Payable, $480; credit Wages Expense, $480.
◦ debit Wages Expense, $320; credit Wages Payable, $320.
◦ debit Wages Expense, $480; credit Wages Payable, $480.
◦ debit Wages Payable, $320; credit Wages Expense, $320.


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Marked as best answer by lidoalex on Feb 18, 2020

mistyjohnson

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lidoalex

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Reply 2 on: Feb 18, 2020
Thanks for the timely response, appreciate it


tanna.moeller

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Reply 3 on: Yesterday
:D TYSM

 

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