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Bob Bundy an Employee of Jumbo Corp  Salaries and Wages Expense 1,500 Salaries and Wages Payable1,500\begin{array}{lrr} \text { Salaries and Wages Expense } &1,500\\ \text { Salaries and Wages Payable} &&1,500\\\end{array}

Question 194

Short Answer

Bob Bundy an employee of Jumbo Corp. will not receive her paycheck until April 2. Based on services performed from March 15 to March 31 his salary was $1500. The adjusting entry for Jumbo Corp. on March 31 is a.  Salaries and Wages Expense 1,500 Salaries and Wages Payable1,500\begin{array}{lrr} \text { Salaries and Wages Expense } &1,500\\ \text { Salaries and Wages Payable} &&1,500\\\end{array}

b.  No entry is required. \begin{array}{lrr} \text { No entry is required. } &\\\end{array}

c. Salaries and Wages Expense 1,500 Cash 1,500\begin{array}{lrr} \text {Salaries and Wages Expense } &1,500\\ \text { Cash } &&1,500\\\end{array}

d. Salaries and Wages Payable 1,500 Cash 1,500\begin{array}{lrr} \text {Salaries and Wages Payable } &1,500\\ \text { Cash } &&1,500\\\end{array}

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