When Holly received her paycheck, she realized that her employer made an error in computing her wages, and overpaid her by $2,600. So, Holly promptly returned the excess amount.
When the employer receives a check from her for the amount of the overpayment, which of the following journal entries will be made by the employer?
A) Debit Cash $2,600 and credit Wages Expense $2,600
B) Debit Wages Expense $2,600 and credit Cash $2,600
C) Debit Cash $2,600 and credit Wages Payable $2,600
D) Debit Wages Payable $2,600 and credit Wages Expense $2,600
Correct Answer:
Verified
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