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During a Recent Week, Incurred Wages Were $800

Question 64

Multiple Choice

During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume no other adjusting entries have been done this fiscal year. The adjusting entry for wages would be:


A) debit Wages Payable, $480; credit Wages Expense, $480.
B) debit Wages Expense, $480; credit Wages Payable, $480.
C) debit Wages Payable, $320; credit Wages Expense, $320.
D) debit Wages Expense, $320; credit Wages Payable, $320.

Correct Answer:

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