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26 April, 05:51

On Tuesday March 31, 20X1 the Bravo Company had accrued wages of $1,000. Friday, April 3, Bravo paid employee wages of $2,500 for the week. Prepared the general journal entry (without explanation) needed for March 31, 20X1. If no entry is required then write "No Entry Required."

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  1. 26 April, 05:56
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    The journal entry is shown below:

    March 31

    Wages Expense A/c Dr 1,000

    To Wages payable A/c $1,000

    (Being the accrued wages are recorded)

    For recording the accrued wages, we debited the wages expense account and credited the wages payable account. Both the account are recorded for $1,000 only
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