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?