The entry to adjust the accounts for wages accrued at the end of the accounting period is
A) debit Wages Payable; credit Wages Income
B) debit Wages Income; credit Wages Payable
C) debit Wages Payable; credit Wages Expense
D) debit Wages Expense; credit Wages Payable

Question

Quizplus · Accepted Answer

The entry to adjust the accounts for wages accrued at the end of the accounting period is to debit Wages Expense and credit Wages Payable. This is because the company has incurred the expense of wages but has not yet paid them, so they need to be recorded as a liability (Wages Payable) until they are paid.

The Entry to Adjust the Accounts for Wages Accrued at the End