Solved

On December 31, Earned but Unpaid Wages Amounted to $33,500

Question 8

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions