Portions of the wages expense account of a business are the following. a. Indicate the nature of
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a. Indicate the nature of the entry (payment, adjusting, and closing, reversing) from which each numbered posting was made.
b. Journalize the complete entry from which each numbered posting wasmade.
Transcribed Image Text:
ACCOUNT Wages Expense ACCOUNT NO. 53 Balance Post. Ref Dr. Cr. Dr. Cr. 2007 Dec. 26 31 31 49 62,500 50 51 1,747,800 1,760,300 12,500 1,760,300 2008 Jan. 1 52 53 12,500 12,500 60,000 47,500
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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