Multiple Choice
Executive, Inc.has a weekly payroll of $10,000 for a 5-day workweek, Monday through Friday.If December 31, the last day of the accounting year, falls on Thursday, Executive would make an adjusting entry that would
A) increase Wages Expense $8,000.
B) decrease Wages Payable $2,000.
C) decrease Cash $8,000.
D) increase Wages Payable $2,000.
Correct Answer:
Verified
Correct Answer:
Verified
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