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QUESTION 10 Which of the following does not correctly describe the following adjusting journal entry? Debit - Wages expense - Xooox Credit - Wages payable

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QUESTION 10 Which of the following does not correctly describe the following adjusting journal entry? Debit - Wages expense - Xooox Credit - Wages payable - Xooox Total assets do not change The transaction is an example of an accrual Stockholders' equity decreases Net income is not affected QUESTION 11 Which of the following impacts current assets on the balance sheet? a. Purchase of inventory on credit b. Redemption of gift cards by customer Oc Interest accrued on a note payable d. Wages owed to employees but not yet paid

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