The wages expense account for Gerry Mander,political consultants,showed the following entries for 2011.What was the portion of wages that was treated as an expense in 2010 but was not paid until 2011?
Wages Expense $$\begin{array} { | l | l | c | c | c | }
\hline \text { Date } & \text { Particulars } & \text { Debit } & \text { Credit } & \text { Balance } \
\hline 2011 & & \$ & \$ & \$ \
\text { Jan 1 } & \text { Accrued expenses } & & 1200 & 1200 \mathrm { Cr } \
\text { Year } & \text { Various cash payments } & 51000 & & 49800 \mathrm { Dr } \
\text { Dec } & \text { Accrued expenses } & 2200 & & 52000 \mathrm { Dr } \
31 & & & & \
\hline
\end{array}$$

Question

The wages expense account for Gerry Mander,political consultants,showed the following entries for 2011.What was the portion of wages that was treated as an expense in 2010 but was not paid until 2011?
Wages Expense $$\begin{array} { | l | l | c | c | c | } 
\hline \text { Date } & \text { Particulars } & \text { Debit } & \text { Credit } & \text { Balance } \
\hline 2011 & & \$ & \$ & \$ \
\text { Jan 1 } & \text { Accrued expenses } & & 1200 & 1200 \mathrm { Cr } \
\text { Year } & \text { Various cash payments } & 51000 & & 49800 \mathrm { Dr } \
\text { Dec } & \text { Accrued expenses } & 2200 & & 52000 \mathrm { Dr } \
31 & & & & \
\hline
\end{array}$$

Quizplus · Accepted Answer

The $1,200 credit on January 1 represents wages that were accrued as an expense in 2010 but paid in 2011.

The Wages Expense Account for Gerry Mander,political Consultants,showed the Following