Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Trudy's CafAf paid employees $50,000 in September for work done that month. What journal entry will Trudy's record in September, assuming Trudy's did not owe
Trudy's CafAf paid employees $50,000 in September for work done that month. What journal entry will Trudy's record in September, assuming Trudy's did not owe any amounts to employees at the end of August? Answer
| Debit Cash, credit Wages Revenue. | ||
| Debit Cash, credit Wages Payable. | ||
| Debit Wages Revenue, credit Cash. | ||
| Debit Wages Expense, credit Cash. |
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
Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
