Hahn CorpHas Three Employees

question 42

Multiple Choice

Hahn Corp.has three employees.Each earns $600 per week for a five-day workweek ending on Friday.This month the last day of the month falls on a Wednesday.The company should make an adjusting entry:

• A)Debiting Wage Expense for $1,080 and crediting Wages Payable for $1,080.
• B)Debiting Wage Expense for $360 and crediting Wages Payable for $360.
• C)Crediting Wage Expense for $1,080 and debiting Wages Payable for $1,080.
• D)Crediting Wage Expense for $360 and debiting Wages Payable for $360.