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Accounting Advice

Accounting Advice
accounting advice?

38

The entry to adjust the accounts for wages accrued at the end of the accounting period is

A.Wages Payable, debit; Wages Income, credit
B.Wages Income, debit; Wages Payable, credit
C.Wages Payable, debit; Wages Expense, credit
D.Wages Expense, debit; Wages Payable, credit
lady bird, this is not school work iam going through these questions in an accounting book of mine and i thought i would post the questions so other people could give me advice as to what they think, its helping me understand it when someone posts the same answer i get!

There’s no wages income involved, so it’s either C or D.
Wages accrued is increasing the wages expense account, which is a debit account, so we debit Wages expense, abd Credit wages payable. The wages payable is a credit account, because the people we owe the money to are our creditors.

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