A company recorded the $32,000 adjusting entry for the accrual of wages payable by debiting revenues and crediting assets for $32,000. Which of the following is/are understated $32,000 A. expenses B. liabilities C. revenues D. all of these E. none of these
A company recorded the $32,000 adjusting entry for the accrual of wages payable by debiting revenues and crediting assets for $32,000. Which of the following is/are understated $32,000 A. expenses B. liabilities C. revenues D. all of these E. none of these
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter10: Liabilities: Current, Installment Notes, And Contingencies
Section: Chapter Questions
Problem 5PA: Payroll accounts and year-end entries The following accounts, with the balances indicated, appear in...
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A company recorded the $32,000
A. expenses
B. liabilities
C. revenues
D. all of these
E. none of these
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