Multiple Choice
Assume December 31 is a Wednesday. Wages are paid every Friday, and the weekly payroll (for five days) amounts to $3,000.
To record the correct amount of expense for December, the firm makes the following entry on December 31:
A) Wages Payable 3,000
Wages Expense 3,000
B) Wages Payable 1,800
Wages Expense 1,800
C) Wages Expense 1,680
Wages Payable 1,680
D) Wages Expense 1,800
Wages Payable 1,800
E) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Use BVD's adjusted trial balance to prepare
Q2: In preparing its adjusting entries at the
Q3: As of December 31, 2019, the Balance
Q4: Regardless of the business activity recorded, the
Q6: The Cash T-account has a beginning balance
Q7: Which of the following accounting cycle steps
Q8: Match each of the numbered transactions of
Q9: One reason for preparing a trial balance
Q10: Assume December 31 is a Monday. Wages
Q11: A customer received and then paid a