Question
Golden Companys weekly payroll amounts to $15,000 and payday is every Friday. Employees work 5 days per week, Monday through Friday. What adjusting entry should
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Golden Companys weekly payroll amounts to $15,000 and payday is every Friday. Employees work 5 days per week, Monday through Friday. What adjusting entry should be made on Tuesday, December 31?
Debit wage expense 3,000; credit wage payable 3,000
Debit wage payable 6,000; credit wage expense 6,000
Debit wage expense 6,000; credit wage payable 6,000
Debit wage expense 15,000; credit wage payable 15,000
Debit wage payable 15,000; credit wage expense 15,000
Golden Companys weekly payroll amounts to $15,000 and payday is every Friday. Employees work 5 days per week, Monday through Friday. What adjusting entry should be made on Tuesday, December 31?
| Debit wage expense 3,000; credit wage payable 3,000 | ||
| Debit wage payable 6,000; credit wage expense 6,000 | ||
| Debit wage expense 6,000; credit wage payable 6,000 | ||
| Debit wage expense 15,000; credit wage payable 15,000 | ||
| Debit wage payable 15,000; credit wage expense 15,000 |
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
