To Record Wages Earned but Not Paid Under the Modified

question 12

Multiple Choice

To record wages earned but not paid under the modified cash accounting method,

• A) debit Wages Payable and credit Wages Expense.
• B) debit Cash and credit Wages Expense.
• C) debit Wages Expense and credit Wages Payable.
• D) no entry is required.

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Definitions:

Pay Equity Legislation

Laws designed to eliminate wage disparity between workers performing jobs of equal value, regardless of gender or other discriminatory factors.

Formal Pay Equity Policy

A documented set of guidelines aimed at ensuring fair compensation for all employees, regardless of gender, race, or other non-job-related factors.

Human Rights Complaint

A formal allegation made by an individual or group, claiming a violation of human rights.

Equal Rights Compliance Agency (ERCA)

An organization dedicated to ensuring adherence to laws and regulations that prevent discrimination and promote equal opportunity for all in the workplace.