Which of the following entries for world records this transaction?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
An error was discovered in computing and paying the wages of an
employee of World Appliance Repair. world received cash from the
employee for the amount of the overpayment. Which of the
following entries for world records this transaction?
Question 10 options:
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Wages Payable, debit; Wages Expense, credit |
|
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Wages Expense, debit; Wages Payable, credit |
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Wages Expense, debit; Cash, credit |
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Cash, debit; Wages Expense, credit |
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