Question 3 Garn Corp. has six employees. Each earns $500 per week for a five day work week payable every Friday. The last day of this month falls on a Tuesday. The company should make an adjusting entry: A: Debiting Wage Expense for $1200 and crediting Wages Payable for $1200. B: Debiting Wage Expense for $1800 and crediting Wages Payable for $1800. C: Crediting Wage Expense for $1200 and debiting Wages Payable for $1200. D:Crediting Wage Expense for $1800 and debiting Wages Payable for $1800.

Question 3 Garn Corp. has six employees. Each earns $500 per week for a five day work week payable every Friday. The last day of this month falls on a Tuesday. The company should make an adjusting entry: A: Debiting Wage Expense for $1200 and crediting Wages Payable for $1200. B: Debiting Wage Expense for $1800 and crediting Wages Payable for $1800. C: Crediting Wage Expense for $1200 and debiting Wages Payable for $1200. D:Crediting Wage Expense for $1800 and debiting Wages Payable for $1800.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter8: Current And Contingent Liabilities

Section: Chapter Questions

Problem 45BE

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