Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 10, X2 Tio Paco Company paid cash of $2.200 to its employees for wages of this amount $700 in cash was to pay

image text in transcribed
On January 10, X2 Tio Paco Company paid cash of $2.200 to its employees for wages of this amount $700 in cash was to pay for employee services that had been performed last year. The remaining $1,500 cash was for employee services performed this year, the $1.500 in employee services this year have not been recorded. The appropriate adjusting entry on December 31, X1 of Wages Expense and Wages Payable were recorded in the amount of $700 each Which ONE of the following would be included in the journal entry necessary to record the $2.200 cash payment on January 10, X2? O A DEBIT to Wages Payable for $700 O A CREDIT to Wages Payable for $700 O A DEBIT to Wages Payable for $1,500 O A DEBIT to Wages Expense for $2,200

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions