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On December 31, the trial balance shows wages expense of $1,065. An additional $355 of wages was earned by the employees, but has not yet been paid. Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)   Income Sheet Supplies Expense  TB = adj= balance=   Balance Sheet ( Wages Payable) Adj;     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- Dec. 31 wages expense

On December 31, the trial balance shows wages expense of $1,065. An additional $355 of wages was earned by the employees, but has not yet been paid. Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)   Income Sheet Supplies Expense  TB = adj= balance=   Balance Sheet ( Wages Payable) Adj;     DATE ACCOUNT TITLE DOC. NO. POST. REF. DEBIT CREDIT   1 20-- Dec. 31 wages expense

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On December 31, the trial balance shows wages expense of $1,065. An additional $355 of wages was earned by the employees, but has not yet been paid.

Analyze this adjustment for supplies using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)

 
Income Sheet Supplies Expense 
TB =
adj=
balance=
 
Balance Sheet ( Wages Payable)
Adj;
 
  DATE ACCOUNT TITLE DOC.
NO.		 POST.
REF.		 DEBIT CREDIT  
1 20-- Dec. 31 wages expense          
2  
wages payable
      
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