Multiple Choice
On December 31, earned but unpaid wages amounted to $33,500. What closing entry would be made for the unpaid wages?
A) Debit Wages Expense for $33,500 and credit Wages Payable for $33,500.
B) Debit Wages Payable for $33,500 and credit Wages Expense for $33,500.
C) Debit Wages Expense for $33,500 and credit Income Summary for $33,500.
D) Debit Income Summary for $33,500 and credit Wages Payable for $33,500.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
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