Question
4.The adjusting entry to record accrued expenses includes a a.credit to an asset account. b.debit to an expense account. c.debit to a liability account. d.credit
4.The adjusting entry to record accrued expenses includes a
a.credit to an asset account.
b.debit to an expense account.
c.debit to a liability account.
d.credit to an expense account.
5.Black Duck Enterprises has a five-day work week and pays the warehouse staff $15 per hour for each eight-hour work day. The work week runs from Monday through Friday. If the month ends on a Wednesday and eight employees worked each day, the adjusting entry for the accrued expense will
a.credit Wages Payable for $2,880.
b.debit Wages Payable for $4,800.
c.debit Wages Payable for $2,880.
d.credit Wages Payable for $4,800.
6.Barry Company received $8,000 full payment in advance for services that are 60% completeat a.debit Cash for $4,800 and credit Service Revenue for $4,800.
b.debit Unearned Revenue for $4,800 and credit Service Revenue for $4,800.
c.debit Unearned Revenue for $8,000 and credit Service Revenue for $8,000.
d.debit Service Revenue for $4,800 and credit Unearned Revenue for $4,800.
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