At the end of 20D,Dallas Company made the following adjusting entry to record $10,000 accrued (unpaid)wages: A payroll of $40,000 (including the $10,000 accrued wages)was paid during the first week of January,20E.The entry to record the payment of this payroll should include a
A)$10,000 debit to wages expense and a $30,000 debit to wages payable.
B)$30,000 debit to wages expense and a $10,000 debit to wages payable.
C)$40,000 debit to wages expense and a $10,000 debit to wages payable.
D)$50,000 debit to wages expense and a $10,000 debit to wages payable.

Question

Quizplus · Accepted Answer

The $10,000 accrued wages were already recorded as an expense in the previous period, so only the remaining $30,000 should be recorded as a new expense. The $10,000 should be debited to wages payable to clear the liability.

At the End of 20D,Dallas Company Made the Following Adjusting