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Employees of Ajax Renovations Work Monday Through Friday and Are  Dr. Wages Expense 1,200 Cr. Wages Payable 1,200\begin{array} { | c | l | } \hline \text { Dr. Wages Expense } & 1,200 \\\hline \text { Cr. Wages Payable } & 1,200 \\\hline\end{array}

Question 99

Multiple Choice

Employees of Ajax Renovations work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $1,200 and the last payday was Friday December 28. What is the required adjusting journal entry, if any, on December 31?


A)  Dr. Wages Expense 1,200 Cr. Wages Payable 1,200\begin{array} { | c | l | } \hline \text { Dr. Wages Expense } & 1,200 \\\hline \text { Cr. Wages Payable } & 1,200 \\\hline\end{array}
B)  Dr. Wages Expense 2,400 Cr. Wages Payable 2,400\begin{array} { | c | l | } \hline \text { Dr. Wages Expense } & 2,400 \\\hline \text { Cr. Wages Payable } & 2,400 \\\hline\end{array}
C) No entry is required
D)  Dr. Wages Expense 3,600 Cr. Wages Payable 3,600\begin{array} { | c | l | } \hline \text { Dr. Wages Expense } & 3,600 \\\hline \text { Cr. Wages Payable } & 3,600 \\\hline\end{array}

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