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Recording wages expense
ОглавлениеIf you need to record $4,000 of wages expense, you use the journal entry shown in Table 2-9. This journal entry debits wages expense for $4,000 and credits cash for $4,000. In other words, you use $4,000 of cash to pay wages for the business.
TABLE 2-9 Journal Entry 5: Recording the Wages Expense
| Account | Debit | Credit |
|---|---|---|
| Wages expense | $4,000 | |
| Cash | $4,000 |