Adjusting Entries: Accrued Expenses Video Lessons

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Problem: Jan earned wages of $650 for the last week of April. Her next payday is on May 1. The adjusting entry for Jan's employer on April 30 includes: a) a credit to Wage Expense for $650 b) a credit to Cash for $650 c) a credit to Wages Payable for $650 d) No entry required

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Jan earned wages of $650 for the last week of April. Her next payday is on May 1. The adjusting entry for Jan's employer on April 30 includes:

a) a credit to Wage Expense for $650
b) a credit to Cash for $650
c) a credit to Wages Payable for $650
d) No entry required

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