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Which of the following describes the transaction resulting in a journal entry with a debit to Wages Payable and a credit to Cash? Multiple Choice
Which of the following describes the transaction resulting in a journal entry with a debit to Wages Payable and a credit to Cash?
Multiple Choice
Wages expense has been incurred but is unpaid.
Cash was used to pay for wages that were previously recorded as an expense.
Cash was used to prepay employee wages.
Cash was used to pay for wages that were not previously recorded as an expense.
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