An Overpayment Was Discovered in Computing and Paying the Wages

question 33

Multiple Choice

An overpayment was discovered in computing and paying the wages of a Plum Hollow Country Club employee.When the employee returns the amount of the overpayment,Plum Hollow should make which of the following entries?

• A)Cash,debit; Wages Expense,credit
• B)Wages Payable,debit; Wages Expense,credit
• C)Wages Expense,debit; Cash,credit
• D)Wages Expense,debit; Wages Payable,credit

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Definitions:

College Roommate

A person with whom one shares a living space in a college or university residence.

Negotiable Instruments

Financial documents that promise to pay the bearer or named party a specific amount of money either on-demand or at a future date.

Anti-Assignment Clause

A provision in a contract that prohibits the transfer of rights or delegation of duties to another party without the original party's consent.

Obligee

The party in a contract or agreement who is entitled to receive a benefit or performance from the other party, known as the obligor.