Karl Company accrued wages of $8850 that were earned by employees unpaid at the year-end. Assuming Karl uses reversing entries, which of the following entries correctly reverses the accrued wages at the beginning of the following year?
A. Debit Wages Payable $8850; credit Wages Expense $8850.
B. Debit Wages Expense $8850; credit Cash $8850.
C. Debit Wages Payable $8850; credit Cash $8850.
D. Debit Cash $8850; credit Wages Expense $8850.
E. Debit Wages Expense $8850; credit Wages Payable $8850.
Answer: A
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