Kline Company accrued wages of $8050 that were earned by employees unpaid at the year-end. Assuming Kline uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year? 

A. Debit Wages Payable $8050; credit Cash $8050.
B. Debit Cash $8050; credit Wages Expense $8050.
C. Debit Wages Payable $8050; credit Wages Expense $8050.
D. Debit Wages Expense $8050; credit Wages Payable $8050.
E. Debit Wages Expense $8050; credit Cash $8050.


Answer: C

Business

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