Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 12 of 26 -/1 s View Policies Current Attempt in Progress Marigold Company paid the weekly payroll on January 2 by debiting Wages Expense
Question 12 of 26 -/1 s View Policies Current Attempt in Progress Marigold Company paid the weekly payroll on January 2 by debiting Wages Expense for $38400. The accountant preparing the payroll entry overlooked the fact that Wages Expense of $24200 had been accrued at year end on December 31. The correcting entry is Wages Payable 24200 Cash 24200 Cash 24200 Wages Expense 24200 Cash 14200 Wages Expense 14200 24200 Wages Payable Wages Expense 24200 Save for Later Attempts: 0 of 1 used Submit
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started