Reference no: EM133029655
Question - Andrew Company has a daily payroll of $2,200, for 5 days a week. The employees are paid every Friday for that week's wages. July 31 was on a Wednesday and the employees were paid $11,000 on August 2. What is the journal entry on August 2, assuming the appropriate month ending adjusting entry was made on July 31?
A- Wage expense 4,400(debit) Wages payable 6,600 (debit) Cash 11,000 (credit)
B- Wage expense 6,600 (debit) Wages payable 4,400(debit) Cash 11,000 (credit)
C- Unearned wages 6,600(debit) Wage expense 4,400(debit) Cash 11,000 (credit)
D- Prepaid wages 6,600(debit) Wage expense 4,400(debit) Cash 11,000 (credit)
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