Match Each Journal Entry That Follows as One of the Types

question 104

Multiple Choice

Match each journal entry that follows as one of the types of journal entries (a-c) below.
-​Wages Expense 870
Wages Payable 870

• A)Journal entries
• B)Adjusting journal entries
• C)Closing journal entries

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Definitions:

Personnel Expenses

Costs related to the compensation of employees, including wages, benefits, and taxes.

Planning Budget

A budget created for a particular level of activity; it helps management to plan for upcoming expenses and revenues based on projected operations.

Selling and Administrative Expenses

Costs incurred by a company not directly tied to the production of goods or services, including sales, marketing, and administrative functions.

Units

The basic measure of quantity in accounting, production, or inventory, often representing a single item or instance of a product.