Portions of the wages expense account of a business are shown below. a. Indicate the nature of
Question:
Portions of the wages expense account of a business are shown below.
a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
b. Journalize the complete entry from which each numbered posting wasmade.
Transcribed Image Text:
Wages Expense Account No. 53 Account Balance Post. Ref. Item Dr. Date Cr. Dr. Cr. 2009 Dec. 26 31 31 2010 Jan. 1 1,400,000 1,416,200 27,000 16,200 (1) (2) (3) 49 50 51 1,416,200 16,200 (4) (5) 52 53 16,200 27,000 10,800
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a 1 Payment last payday in year 2 Adjusting accrual of wages at end of year 3 Clo...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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