Match each journal entry that follows as one of the types of journal entries (a-c) below.
-Wages Expense 870
Wages Payable 870
A)Journal entries
B)Adjusting journal entries
C)Closing journal entries

Question

Match each journal entry that follows as one of the types of journal entries (a-c) below.
-​Wages Expense 870
Wages Payable 870
A)Journal entries
B)Adjusting journal entries
C)Closing journal entries

Quizplus · Accepted Answer

This is an adjusting journal entry, typically made at the end of an accounting period to allocate expenses that have been incurred but not yet paid (accrued expenses).

Match Each Journal Entry That Follows as One of the Types