Penelope Company's Employees Carry Out Work to the Value of $8

Multiple Choice

Penelope Company's employees carry out work to the value of $8 400. They are paid $6 000 immediately with the balance to be settled in the next accounting period. Under the accrual method of accounting, the amount of wages expense that will be recorded in the current period is:

A) $6 000.
B) $8 400.
C) $2 400.
D) nil.