A company owes its employees wages not yet paid at the end of an accounting period. The
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A company owes its employees wages not yet paid at the end of an accounting period. The adjusting entry needed at the end of the period will be a
a. debit to an expense and a credit to a liability.
b. debit to an expense and a credit to an asset.
c. debit to an expense and a credit to cash.
d. debit to a liability and a credit to an expense.
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Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
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