Match the terms below with the correct definitions.
-The debit account of the adjustment for accrued payroll
A)Unearned Revenue
B)Income Summary
C)First merchandise inventory adjusting entry (periodic system)
D)Beginning merchandise inventory
E)Ending merchandise inventory
F)Periodic inventory system
G)Wages Payable
H)Wages Expense
I)Purchases
J)Second merchandise inventory adjusting entry (periodic system)

Question

Quizplus · Accepted Answer

The debit account of the adjustment for accrued payroll is "Wages Expense," as it represents the cost of wages that have been incurred but not yet paid.

Match the Terms Below with the Correct Definitions