Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. assume that no reversing entries are made by the e

Assume that no reversing entries are made by the entity. How would the entity record...

50.1K

Verified Solution

Question

Accounting

Assume that no reversing entries are made by the entity. How would the entity record the transaction for payment of wages if $5200 was accrued for wages at the end of the year and the first payment of wages in the following year was $63 900?

A. DR Salaries expense $63 900; CR Cash $63 900

B.DR Salaries payable $5200; DR Salaries expense $58 700; CR Cash $63 900

C. DR Salaries expense $63 900; CR Salaries payable $5200; CR Cash $58 700

D. DR Salaries expense $69 100; CR Salaries payable $5200; CR Cash $63 900

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Algebra
1.2K views

The table gives a country's gross domestic product (GDP) (in trillions of dollars) for selected...

Finance
1.2K views

2 Assume that a bond will make payments every six months as shown on the following...

Accounting
1.2K views

Incredible Sound is a wholesale business that sells musical instruments.Transactions involving sales and cash receipts for...

Geometry
1.2K views

When graphing r 9 sin 30 use mulitples sin 30 0 on the interval as...

Statistics
1.2K views

HEAT PLAYER NAME Bam Adebayo Caleb Martin Cody Zeller Dewayne Dedmon Dru Smith Duncan Robinson...

Calculus
1.2K views

Let g(x) = x - 8Use the alternative limit definition of the derivative to determine...

Accounting
1.2K views

Diana and Ryan Workman were married on January 1 of last year. Ryan has an...

Accounting
1.2K views

The present value of $7,000 to be received in seven years at 7% compounded annually...

Accounting
1.2K views

How is overtime pay computed for no exempt, salaried workers

Accounting
1.2K views

The auto repair shop of Quality Motor Company uses standards to control the labor time...

Accounting
1.2K views

13. is an important ethical issue and occurs when various profit centers within corporations become...

Accounting
1.2K views

A company reports the following balances on their balance sheet: Given this information, what is...