Executive,Inc.has a weekly payroll of $10,000 for a five-day workweek,Monday through Friday.If December 31,the last day of the accounting year,falls on Thursday,Executive would make an adjusting entry that would
A) increase wages expense by $8,000.
B) decrease wages payable by $2,000.
C) decrease cash by $8,000.
D) increase wages payable by $2,000.
Correct Answer:
Verified
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