Question

Select the best explanation for the following adjusting entry: Wages Expense 4,500 4,500 Wages Payable ???????????????? Oa. T
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Answer #1

The adjusting entry in which Wages expense is debited and wages payable is credited will be done when the company record the accrued wages. Accrued wages means the employees has earned the wages but has not been paid yet.

Wages expense $4500
Wages payable $4500
(To record accrued wages)

So, the answer is option B) To record accrued wages.

NOTE:- For any problem regarding the answer please ask in the comment section.

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