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Posted by on Monday, April 7, 2008 at 10:58pm.

The following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry.

Wages Expense
2,555


Wages Payable

2,555

????????????????




Record the payment of wages
Record wages to be paid this month
Record wages paid in advance
Record wages expense incurred and to be paid next month

  • accounting - , Tuesday, April 8, 2008 at 12:37am

    "Record wages expense incurred and to be paid next month"

    Payable implies an expense you owe.

  • accounting - , Monday, February 10, 2014 at 8:10pm

    In order to following adjusting journal entry was found on page 4 of the journal. Select the best explanation for the entry, is it A adjust supplies inventory to actual, B adjust supplies expense, C record sale of supplies.

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