Concept explainers
Appendix 2
Entries posted to wages expense account
Portions of the wages expense account of a business follow:
Account | Wages | Expense | Account No. 53 | |||
Date | Item | Post. Ref. | Dr. | Cr. | Balance | |
Dr. | Cr. | |||||
2017 Dec. 26 | (1) | 125 | 15,400 | 800,000 | ||
31 | (2) | 126 | 9,250 | 809,250 | ||
31 | (3) | 127 | 809,250 | — | — | |
2018 Jan. 1 | (4) | 128 | 9,250 | 9,250 | ||
2 | (5) | 129 | 14,800 | 5,550 |
A. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
B. Journalize the complete entry from which each numbered posting was made.
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