The wages expense account for Gerry Mander,political consultants,showed the following entries for 2014.What was the portion of wages that was treated as an expense in 2013 but was not paid until 2014?
Wages expense
$$\begin{array} { | l | l | c | c | c | }
\hline \text { Date } & \text { Particulars } & \text { Debit } & \text { Credit } & \text { Balance } \
\hline 2014 & & \$ & \$ & \$ \
\text { Jarn.1 } & \text { Accred expenses } & & 1200 & 1200 \mathrm { Cr } \
\text { Year } & \text { Various cash payments } & 51000 & & 49800 \mathrm { Dr } \
\text { Dec. 31 } & \text { Accrued expenses } & 2200 & & 52000 \mathrm { Dr } \
\hline
\end{array}$$

Question

The wages expense account for Gerry Mander,political consultants,showed the following entries for 2014.What was the portion of wages that was treated as an expense in 2013 but was not paid until 2014?
Wages expense
$$\begin{array} { | l | l | c | c | c | } 
\hline \text { Date } & \text { Particulars } & \text { Debit } & \text { Credit } & \text { Balance } \
\hline 2014 & & \$ & \$ & \$ \
\text { Jarn.1 } & \text { Accred expenses } & & 1200 & 1200 \mathrm { Cr } \
\text { Year } & \text { Various cash payments } & 51000 & & 49800 \mathrm { Dr } \
\text { Dec. 31 } & \text { Accrued expenses } & 2200 & & 52000 \mathrm { Dr } \
\hline
\end{array}$$

Quizplus · Accepted Answer

The $1200 credited on January 1 represents wages that were accrued as an expense in 2013 but paid in 2014.

The Wages Expense Account for Gerry Mander,political Consultants,showed the Following