The adjustment for wages earned, but not yet paid is:

A) Debit Wages Expense, credit Cash.
B) Debit Wages Payable, credit Wages Expense.
C) Debit Wages Payable, credit Cash.
D) Debit Wages Expense, credit Wages Payable.

Question

Shantam Agrawal · Accepted Answer

Final Answer : D, Explanation :  The correct adjustment for wages earned but not yet paid involves increasing (debiting) Wages Expense to recognize the expense in the current period and increasing (crediting) Wages Payable to recognize the liability that has been incurred but not yet paid.

The adjustment for wages earned, but not yet paid is:

A) Debit Wages Expense, credit Cash.
B) Debit Wages Payable, credit Wages Expense.
C) Debit Wages Payable, credit Cash.
D) Debit Wages Expense, credit Wages Payable.

Definitions

Learning Objectives

Learning Objectives

Related questions

The adjustment for wages earned, but not yet paid is:A) Debit Wages Expense, credit Cash.B) Debit Wages Payable, credit Wages Expense.C) Debit Wages Payable, credit Cash.D) Debit Wages Expense, credit Wages Payable.

Definitions

Learning Objectives

Learning Objectives

Related questions

The adjustment for wages earned, but not yet paid is:

A) Debit Wages Expense, credit Cash.
B) Debit Wages Payable, credit Wages Expense.
C) Debit Wages Payable, credit Cash.
D) Debit Wages Expense, credit Wages Payable.