Multiple Choice
Proctor Inc. has a weekly payroll of $8,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Wednesday, Proctor would make an adjustment that would
A) decrease cash $4,800.
B) decrease wages payable $4,800.
C) increase wages expense $4,800.
D) increase wages payable $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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