A Company Pays Wages Every Two Weeks

question 58

Multiple Choice

A company pays wages every two weeks.Wages amount to $100 a day,7 days a week.On March 31,the company pays wages for the two weeks ending March 24.At the end of the month,the related adjusting journal entry will include a

• A)debit to Wages Payable for $1,400 and a credit to Wages Expense for $1,400.
• B)debit to Wage Expense for $700 and a credit to Wages Payable for $700.
• C)debit to Wages Payable for $700 and a credit to Cash for $700.
• D)debit to Wages Expense for $1,400 and a credit to Wages Payable for $1,400.

---

Definitions:

Strategy Implementation

The process of executing plans and strategies to achieve organizational goals and objectives.

Strategic Marketing

The process of planning, developing, and implementing maneuvers to obtain a competitive edge in the market.

Strategic Outsourcing

The practice of delegating certain business processes or functions to external vendors to focus on core competencies and achieve strategic goals.

Mission Statement

A formal summary that defines the core purpose, aims, and values of an organization, guiding its decisions and actions.