Total wages per week are $6,700. You need to accrue $4,020 of wages at period end. The adjusting entry would include which of the following?

Question

Quizplus · Accepted Answer

To accrue the $4,020 of wages, we need to debit Wages Expense (an income statement account that increases with debits) and credit Accrued Wages (a liability account that increases with credits). Therefore, option B is the correct choice. Option A is incorrect because it debits Accrued Wages instead of wages expense. Option C is incorrect because it only reflects a portion of the required adjustment. Option D is incorrect because it involves cash, which is not relevant to this accrual adjustment.

Total Wages Per Week Are $6,700