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When Honest Abe received his paycheck, he realized that his employer made an error in computing his wages, and overpaid him by $1,300. So he
When Honest Abe received his paycheck, he realized that his employer made an error in computing his wages, and overpaid him by $1,300. So he promptly returned the excess amount. When the employer receives a check from Abe for the amount of the overpayment, which of the following journal entries will be made by the employer? Select one: A. Debit Wages Payable and credit Wages Expense B. Debit Cash and credit Wages Expense C. Debit Cash and Credit Wages Payable D. Debit Wages Expense and credit Cash
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