Question
On January 16, 2023, a company created a services company, a firm providing art services for advertisers. On January 31, the service company paid $800
On January 16, 2023, a company created a services company, a firm providing art services for advertisers. On January 31, the service company paid $800 cash to its employees for wages earned in January. When the company recorded this transaction:
The Cash account increased by $800, and Wages Revenue account decreased by $800.
The Cash account decreased by $800, and Wages Revenue account increased by $800.
The Cash account increased by $800, and Wages Revenue account increased by $800.
The Cash account decreased by $800, and Wages Expense account increased by $800.
None of the listed choices are correct
The Cash account decreased by $800, and Wages Revenue account decreased by $800.
The Cash account increased by $800, and Wages Expense account decreased by $800.
The Cash account decreased by $800, and Wages Expense account decreased by $800.
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Documentation Improvement Methods The New Accounting Manual
Authors: Athar Murtuza
2nd Edition
0471379387, 978-0471379386
