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Accounting

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What type of reporting category would Beginning Inventory typically be set up as? Current asset Fixed asset Cost of goods sold Operating expense QUESTION 21 What reporting categories do prepaid expenses appear under? Current Assets Current Llabilities Fixed Assets Operating Expenses QUESTION 22 Three days of the last payroll were for Jan 29th to 31st. We are preparing statements as of January 31 st. The payroll journal for the week ending February 2nd, a 5 day work week, shows a gross wage amount of $42,000. What would the entry be for accrued wages? Debit wage expense $25,200, credit accrued wages $25,200 Credit wage expense $25,200, debit accrued wages $25,200 Credit wage expense $42,000, debit accrued wages $42,000 Debit wage expense $16,800, debit accrued wages $16,800

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