Which of the following would be the adjusting journal entry to recognize earned but unpaid wages for the period?
A)Dr.Wages Expense, Cr.Cash
B)Dr.Wages Payable, Cr.Cash
C)Dr.Wages Payable, Cr.Wages Expense
D)Dr.Wages Expense, Cr.Wages Payable

Question

Quizplus · Accepted Answer

The adjusting journal entry to recognize earned but unpaid wages for the period would be to debit Wages Expense (increasing the expense account) and credit Wages Payable (increasing the liability account). Therefore, the correct choice is D, Dr.Wages Expense, Cr.Wages Payable. A, B, and C all choose the incorrect accounts to be debited and/or credited.

Which of the Following Would Be the Adjusting Journal Entry