To record wages earned but not paid under the modified cash accounting method,
A) debit Wages Payable and credit Wages Expense.
B) debit Cash and credit Wages Expense.
C) debit Wages Expense and credit Wages Payable.
D) no entry is required.
Correct Answer:
Verified
Q20: Professional service business enterprises include attorneys,physicians,dentists,public accountants,artists,and
Q21: The column totals of the combination journal
Q22: The debits and credits to Cash are
Q23: The debits and credits to Cash in
Q24: Professional service business enterprises include the following
Q26: Which of the following is the proper
Q27: To record the purchase of assets on
Q28: Under the modified cash basis of accounting,no
Q29: If a business records revenues when earned,regardless
Q30: A journal with special and general columns
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