An Overpayment Error Was Discovered in Computing and Paying the Wages

question 204

Multiple Choice

An overpayment error was discovered in computing and paying the wages of a Jamison Tree Trimming employee. When Jamison receives cash from the employee for the amount of the overpayment, which of the following entries will Jamison make?

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

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Definitions:

Organic Structure

A flexible management approach characterized by decentralized authority, fewer formal procedures, and open communication channels.

Munificent Environments

Refers to contexts or settings that generously provide resources and opportunities, facilitating organizational growth and performance.

Dynamic Environments

Dynamic environments refer to settings that are continually changing, requiring adaptability and flexibility from organizations and individuals.

Technological Contingencies

Factors relating to technology that can impact the success or failure of organizational processes and strategies.