Multiple Choice
Kline Company accrued wages of $7,350 that were earned by employees unpaid at the end of 2014.Assuming Kline uses reversing entries,which of the following entries is appropriate for reversing the accrued wages at the beginning of 2015?
A) Debit Wages Expense $7,350;credit Cash $7,350.
B) Debit Wages Expense $7,350;credit Wages Payable $7,350.
C) Debit Wages Payable $7,350;credit Cash $7,350.
D) Debit Cash $7,350;credit Wages Expense $7,350.
E) Debit Wages Payable $7,350;credit Wages Expense $7,350.
Correct Answer:

Verified
Correct Answer:
Verified
Q76: Which of the following are classified as
Q77: A classified balance sheet differs from an
Q78: For the year ended December 31,a company
Q79: The following information is available for Zephyr
Q80: The following information is available for the
Q82: Closing entries are required:<br>A)If management has decided
Q83: The recurring steps performed each reporting period
Q84: Use the information in the adjusted trial
Q85: When closing entries are made:<br>A)All ledger accounts
Q86: The calendar year-end adjusted trial balance for