Question: If $3,000 has been earned by a companys workers since the last payday in an accounting period, the necessary adjusting entry would be: a. Debit

If $3,000 has been earned by a companys workers since the last payday in an accounting period, the necessary adjusting entry would be:

a. Debit an expense and credit a liability.

b. Debit an expense and credit an asset.

c. Debit a liability and credit an asset.

d. Debit a liability and credit an expense.

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