A company pays wages every two weeks. Wages amount to $100 a day. On March 31, the company pays wages for the two weeks ending March 24. At the end of the month, the related adjusting journal entry will include a
A) debit to Wages Payable for $700 and a credit to Cash for $700.
B) debit to Wage Expense for $700 and a credit to Wages Payable for $700.
C) debit to Wages Payable for $700 and a credit to Wages Expense for $700.
D) debit to Retained Earnings for $700 and a credit to Wages Payable for $700.
Correct Answer:
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