Since PEZ pays its employees on a biweekly basis, PEZ has not paid $1,500 wages that...

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Since PEZ pays its employees on a biweekly basis, PEZ has not paid $1,500 wages that...

Since PEZ pays its employees on a biweekly basis, PEZ has not paid $1,500 wages that incurred in January. Which journal entry is needed to record the unpaid wages in January?

a) Dr. Wages Payable/Cr. Wage Expense

b) Dr. Wage Expense/ Cr. Cash

c) Dr. Wage Expense/ Cr. Wages Payable

d) Dr. Cash/ Cr. Wage Expense

business accounting

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Answer 1

Answer #1

The entry for wages incurred but not paid is

Wages Expense	$1500
Wages payable		1500

Option C is the answer

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Answer 2

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