Every Friday, Neil Pays Weekly Wages of $15,000 to His

Multiple Choice

Every Friday, Neil pays weekly wages of $15,000 to his workers for a five-day week which ends on that day. Assuming that the fiscal period ends on a Tuesday, the adjusting entry for accrual of wages recorded by Neil is:

A) debit to Wages Expense for $10,000, credit to Drawing for $10,000.
B) debit to Wages Expense for $6,000, credit to Wages Payable for $6,000.
C) debit to Drawing for $6,000, credit to Wages Payable for $6,000.
D) debit to Wages Payable for $15,000, credit to Wages Expense for $15,000.
E) debit to Accrued Wages for $5,000, credit to Wages Payable for $5,000.
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