Which of the Following Is the Appropriate Journal Entry If

question 217

Multiple Choice

Which of the following is the appropriate journal entry if a company hires a new employee?

• A)Debit to Cash,credit to Wages Revenue.
• B)No entry should be made.
• C)Debit to Wages Expense,credit to Cash.
• D)Debit to Cash,credit to Wages Expense.
• E)Debit to Wages Payable,credit to Wages Expense.

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Definitions:

GDP

Short for Gross Domestic Product, it measures the total economic output of a country within a specific time frame.

IMF

The International Monetary Fund, a global organization that provides financial support and advice to countries facing economic difficulties.

Market Supremacy

The dominance of a particular company or product in a specific market, often characterized by a large market share.

Sweatshop Factories

Workplaces that have very poor, socially unacceptable working conditions, often with unfair wages, excessive hours, and unsafe environments.