Selected September T accounts for Hubbord Company are presented below. 1. In which of the accounts would
Question:
1. In which of the accounts would a reversing entry be helpful? Why?
2. Prepare the appropriate reversing entry.
3. Prepare the entry to record a payment on October 25 for wages totaling $3,140. How much of this amount represents wages expense forOctober?
Transcribed Image Text:
SUPPUIES SUDPLIES EXPENSE Dr. Dr. Cr. 9/1 Bal. 860 9/30 Ad 1280 /30 Adj2809/30 Closing 1.280 Bal Sept. purchases 940 520 Sal WACES PAYABLE WACES EXPENSE Dr. Cr. Dr. Cr. 9/30 Adj 640 Sept. wages 3,940 9/30 Closing 4,580 Bal. 40 /30 Ad 640 Bal.
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