an-employee-earns-200-per-day-and-worked-5-unpaid-days-at-the-end-of-the-fiscal-

Question

An employee earns $200 per day and worked 5 unpaid days at the end of the fiscal period. How should this be recorded?

Accepted Answer

Debit Wage Expense $1000; Credit Accrued Wage Expense $1000

Answer

Debit Wage Expense $1000; Credit Cash $1000

Answer

Debit Accrued Wage Expense $1000; Credit Wage Expense $1000

Answer

Debit Cash $1000; Credit Wage Expense $1000

An employee earns \$200 per day and worked 5 unpaid days at the end of the fiscal period. How should this be recorded?