Delta Corp. has presently paid $2,750 as wages to its workers for the month of May. The last pay day was May 26. Between May 26 and the end of month, Delta has computed that it owes an additional $280 in wages to its employees. Determine the amount that needs to be credited to Wages Payable as an adjusting entry. a. $750 Ob. $2,470 c. $2,750 Od. $280

Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter3: The Adjusting Process
Section: Chapter Questions
Problem 6E
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Delta Corp. has presently paid $2,750 as wages to its workers for the month of May. The last pay day was May 26. Between May 26 and the end of month, Delta
has computed that it owes an additional $280 in wages to its employees. Determine the amount that needs to be credited to Wages Payable as an adjusting entry.
a. $750
Ob. $2,470
c. $2,750
Od. $280
Transcribed Image Text:Delta Corp. has presently paid $2,750 as wages to its workers for the month of May. The last pay day was May 26. Between May 26 and the end of month, Delta has computed that it owes an additional $280 in wages to its employees. Determine the amount that needs to be credited to Wages Payable as an adjusting entry. a. $750 Ob. $2,470 c. $2,750 Od. $280
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