Assume That Sophia Co

Multiple Choice

Assume that Sophia Co. pays its employees $250 per day and that pay day falls on Friday. Sophia Co. employees work Monday through Friday. Assume the last day of the fiscal period falls on Wednesday, the adjustment for accrued wages would be recorded in the work sheet as a:

A) credit to wages payable, $1,250.
B) debit to wages expense, $1,250.
C) debit to wages expense, $750.
D) credit to cash, $750.