If an Adjusting Entry Is Made on the Last Day

question 7

Multiple Choice

If an adjusting entry is made on the last day of the current accounting period by debiting Wages Expense and crediting Wages Payable for accrued wages earned but not yet paid, a reversing entry on the first day of the next accounting period will

• A) debit Wages Expense and credit Wages Payable.
• B) debit Cash and credit Wages Expense.
• C) debit Miscellaneous Expense and credit Wages Expense.
• D) debit Wages Payable and credit Wages Expense.