Adjusting Entries: Accrued Expenses Video Lessons

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Problem: Bella Company had wages payable at the beginning of the year of $1,000.  During the year her company paid cash wages of $25,000 and at the end of the year she owed wages of $ 3,000.  Her income statement for the year will show wage expense of: A) $ 24,000 B) $ 25,000 C) $ 27,000 D) $ 28,000 E) $ 26,000

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Problem Details

Bella Company had wages payable at the beginning of the year of $1,000.  During the year her company paid cash wages of $25,000 and at the end of the year she owed wages of $ 3,000.  Her income statement for the year will show wage expense of:

A) $ 24,000

B) $ 25,000

C) $ 27,000

D) $ 28,000

E) $ 26,000

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