Employees at Guthrie Co. worked three days at the end of 2008 and earned ($5,400). They will
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Employees at Guthrie Co. worked three days at the end of 2008 and earned \($5,400\). They will be paid for this work at the next payroll date on January 9, 2009. What is the adjusting entry that Guthrie must make for the year ending December 31, 2008?
a. Debit Wages Expense \($5,400\), Credit Prepaid Wages \($5,400.\)
b. Debit Wages Payable \($5,400\), Credit Wages Expense \($5,400.\)
c. Debit Prepaid Wages \($5,400\), Credit Wages Payable \($5,400.\)
d. Debit Wages Expense \($5,400\), Credit Wages Payable \($5,400.\)
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Related Book For
College Accounting Ch 1-14
ISBN: 9780073346892
1st Edition
Authors: John Wild, Vernon Richardson, Ken Shaw
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