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HYBE Industries operates Monday to Sunday with a daily payroll of $40000. They pay their employee every Sunday for the workweek they just completed. If
HYBE Industries operates Monday to Sunday with a daily payroll of $40000. They pay their employee every Sunday for the workweek they just completed. If the last day of the month is a Tuesday, the correct adjusting entry on this day would be:
A) Dr wages expense 40 000
Cr Cash 40000
B) Dr Wages payable 80 000
Cr Cash 80000
C) Dr. wages expense 80 000
Cr wages payable 80 000
D) Dr Wages expense 40 000
Cr Wages payable 40 000
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