Question:

Accounting; Adusting entry?

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The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry.

Wages Expense ...........(debit) 2,555

Wages Payable ................. (credit)2,555

????????????????

a) Record the payment of wages

b) Record wages to be paid this month

c) Record wages paid in advance

d) Record wages expense incurred and to be paid next month

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1 ANSWERS


  1. d) Record wages expense incurred and to be paid next month

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