Trotman Ltd pays the $6,500 to employees in cash from a previous liability of $6,500 wages payable.
What are the journal entries in the accounting information system of Trotman Ltd?

Question

Trotman Ltd pays the $6,500 to employees in cash from a previous liability of $6,500 wages payable. What are the journal entries in the accounting information system of Trotman Ltd?

Accepted Answer

DR            Wages payable             $6,500 
 CR                        Cash                                $6,500

Answer

DR            Wages expense             $6,500 
 CR                       Cash                $6,500

Answer

DR            Wages expense             $6,500 
 CR                        Wages payable                $6,500

Answer

DR            Cash             $6,500 
 CR                        Wages payable                $6,500

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Trotman Ltd pays the $6,500 to employees in cash from a previous liability of $6...

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