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The wages expense account (running balance ledger account) showed the following entries for 2023. What was the portion of wages that was treated as an
The wages expense account (running balance ledger account) showed the following entries for 2023. What was the portion of wages that was treated as an expense in 2022 but was not paid until 2023?
Date
Particulars
Debit
Credit
Balance
2023
Jan. 1
Accrued expenses
$ 2 200
$ 2 200 Cr
Various cash payments
$ 51 000
$ 48 800 Dr
Dec. 31
$ 3 200
$ 52 000 Dr
Wages expense is:
Group of answer choices
$ 48,800
$ 2,200
$ 1,200
$ 51,000
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