Question

journal entry worksheet
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wages of $10,000 are earned by workers but not paid as of december 31.
note: enter debits before credits.
transaction general journal debit credit
a

Explanation:

Step1: Identify the accounting concept

This is an accrued - expense situation. Expenses are recognized when incurred, not when paid.

Step2: Determine the accounts involved

The expense account 'Wages Expense' is debited as it increases, and the liability account 'Wages Payable' is credited as the company owes workers.

Step3: Record the journal entry

Debit Wages Expense for $10,000 and credit Wages Payable for $10,000.

Answer:

Transaction	General Journal	Debit	Credit
	Wages Payable		$10,000