Howard Products has a daily payroll of $2,200, 5 days a week. The employees are paid every Friday for that week's wages. July 31 was on a Wednesday and the employees were paid $11,000 on August 2
What is the journal entry on August 2, assuming the appropriate month ending adjusting entry was made on July 31?
A) Cash 11,000
Prepaid wages 6,600
Unearned wages 4,400
B) Cash 11,000
Prepaid wages 6,600
Wage expense 4,400
C) Wage expense 11,000
Cash 11,000
D) Prepaid wages 6,600
Wage expense 4,400
Cash 11,000
E) Wage expense 4,400
Accrued wages payable 6,600
Cash 11,000
E
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