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Johnson Inc. paid employees $10,500 on December 27 for work up to that date. Employees worked December 28 - 31 earning a total of $3,260
Johnson Inc. paid employees $10,500 on December 27 for work up to that date. Employees worked December 28 - 31 earning a total of $3,260 which will be paid with the next regular pay on January 10 . The total of January 10 pay is $11,650. The December 31 adjusting entry to accrue wages would include which of the following? a. a credit to wages payable of $3,260 b. a credit to cash of $3,260 c. a credit to wage expense of $3,260 d. a debit to wage expense of $11,650
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