Multiple Choice
Powers Company accrued unpaid wages of $3,000 on January 31. These wages will be included in paychecks totaling $9,000 on February 2. The reversing entry will include a ________.
A) credit to Cash for $3,000
B) debit to Wages Payable for $9,000
C) debit to Wages Expense for $9,000
D) credit to Wages Expense for $3,000
Correct Answer:

Verified
Correct Answer:
Verified
Q153: If a company earns interest in June
Q154: The first financial statement prepared from the
Q155: The first step in preparing a worksheet
Q156: If a company initially records a prepaid
Q157: The employees of Lucid Laboratories are
Q159: The final step in preparing a worksheet
Q160: A form used to simplify the adjustment
Q161: Adjusting journal entries are normally not necessary
Q162: The first four steps in the accounting
Q163: The posting reference in the general ledger