The Following Adjusting Journal Entry Found in the Journal Is

question 37

Multiple Choice

The following adjusting journal entry found in the journal is missing an explanation. Select the best explanation for the entry.

• A) Record payment of wages
• B) Record wages paid last month
• C) Record wages paid in advance
• D) Record wages expense incurred and to be paid next month

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Definitions:

Normal Distribution

A symmetric, bell-shaped frequency distribution that can be defined by its mean and standard deviation.

Percentage Return

The profit or deficit achieved on an investment over a designated duration, measured as a percentage of the investment’s initial value.

Bond

A fixed income investment in which an investor loans money to an entity (corporate or governmental) that borrows the funds for a defined period at a variable or fixed interest rate.

Capital Gains Yield

The change in the price of a security or investment over a specified period, excluding dividends, expressed as a percentage of the investment's initial price.