During a recent week, incurred wages were $800. However, $480 of the wages had not been paid.
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During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume no other adjusting entries have been done this fiscal year. The adjusting entry for wages would be:
A. debit Wages Expense, $320; credit Wages Payable, $320.
B. debit Wages Expense, $480; credit Wages Payable, $480.
C. debit Wages Payable, $480; credit Wages Expense, $480.
D. debit Wages Payable, $320; credit Wages Expense, $320.
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