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Assume December 31 Is a Monday

Question 10

Multiple Choice

Assume December 31 is a Monday. Wages are paid every Friday, and the weekly payroll (for five days) amounts to $6,000.
To record the correct amount of expense for December, the firm makes the following entry on December 31:


A) Wages Expense 1,200
Wages Payable 1,200
B) Wages Payable 1,200
Wages Expense 1,200
C) Wages Expense 6.000
Wages Payable 6,000
D) Wages Expense 4,800
Wages Payable 4,800
E) None of the above

Correct Answer:

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