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If we determine wages earned but unpaid thru 12/31 are $23,000 the adjusting entries are: Select one: a. Debit Wage Expense $23,000 and Credit Wages

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If we determine wages earned but unpaid thru 12/31 are $23,000 the adjusting entries are: Select one: a. Debit Wage Expense $23,000 and Credit Wages Payable $23,000 b. Debit Wages Payable $23,000 and Credit Wage Expense $23,000 c. Debit Wage Expense We have a contract to provide $40,000 of services in the next accounting cycle. The adjusting entries are: Select one: a. Debit Accounts Receivable $40,000 and Credit Future Fees Payable $40,000 b. Debit Accounts Receivable $40,000 and Credit Fees Earned $40,000 x c. None required

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