O'Brien Pty Ltd pays salaries on Friday to cover the 5 working days prior to the Friday.The weekly wages bill is $100 000.30 June 2012 falls on a Monday.The adjusting journal entry on 30 June 2012 will be:
$$\begin{array} { l l l l }
\text { A. DR Wages expense } & \$ 20000 & \text { CR Accrued wages } & \$ 20000 \
\text { B. DR Wages expense } & \$ 40000 & \text { CR Accrued wages } & \$ 40000 \
\text { C. DR Accrued wages } & \$ 20000 & \text { CR Wages expense } & \$ 20000 \
\text { D. DR Accrued wages } & \$ 40000 & \text { CR Wages expense } & \$ 40000
\end{array}$$

Question

O'Brien Pty Ltd pays salaries on Friday to cover the 5 working days prior to the Friday.The weekly wages bill is $100 000.30 June 2012 falls on a Monday.The adjusting journal entry on 30 June 2012 will be:
$$\begin{array} { l l l l } 
\text { A. DR Wages expense } & \$ 20000 & \text { CR Accrued wages } & \$ 20000 \
\text { B. DR Wages expense } & \$ 40000 & \text { CR Accrued wages } & \$ 40000 \
\text { C. DR Accrued wages } & \$ 20000 & \text { CR Wages expense } & \$ 20000 \
\text { D. DR Accrued wages } & \$ 40000 & \text { CR Wages expense } & \$ 40000
\end{array}$$

Quizplus · Accepted Answer

The Answer of O'Brien Pty Ltd pays salaries on Friday to cover the 5 working days prior to the Friday.The weekly wages bill is $100 000.30 June 2012 falls on a Monday.The adjusting journal entry on 30 June 2012 will be:
$$\begin{array} { l l l l } 
\text { A. DR Wages expense } & \$ 20000 & \text { CR Accrued wages } & \$ 20000 \
\text { B. DR Wages expense } & \$ 40000 & \text { CR Accrued wages } & \$ 40000 \
\text { C. DR Accrued wages } & \$ 20000 & \text { CR Wages expense } & \$ 20000 \
\text { D. DR Accrued wages } & \$ 40000 & \text { CR Wages expense } & \$ 40000
\end{array}$$

O'Brien Pty Ltd Pays Salaries on Friday to Cover the 5