An adjustment to accrue the amount of salaries and wages owed was recorded on December 31.These salaries and wages were paid on the following January 5.The entry on January 5 would include a debit to:
A)Salaries and Wages Expense and Credit to Cash.
B)Salaries and Wages Payable and Credit to Cash.
C)Cash and Credit to Salaries and Wages Payable.
D)Cash and Credit to Salaries and Wages Expense.

Question

Quizplus · Accepted Answer

The related Salaries and Wages Expense was already recorded on December 31.As such,the entry on January 5 would simply include a debit to Salaries and Wages Payable and a credit to Cash.

An Adjustment to Accrue the Amount of Salaries and Wages