[shontyson03]

A company incurred the following transactions:

a. Wages of $2,200 accrued at the end of the prior fiscal period were paid this fiscal period.

a.1. Show the effect, if any, of each of the transactions/adjustments on the appropriate balance sheet category or on the income statement by selecting the amount and indicating whether it is an addition or a subtraction.

Paid accrued wages of $2,200
Wage Expense $2,200 (debit)
Accrued Wages $2,200 (credit)

[smoothy]

Since this is YOUR homework assignment, not ours.. what do you think the answer is and why.

[paraclete]

You have failed to provide the debit/credit on those balances leaving us to assume. Your question is badly worded leaving us without important information as to what you actually want to know. Accounting is about precision

The principle here is that a bank account is usually in the mix when payments are made, and balance day adjustments are usually reversed at the beginning of the new year. Adjust accrued wages against wages expense

[shontyson03]

answered

[paraclete]

As I said it is usual for an accrual of expense to be reversed at the beginning of the year so that the wages expense account would be zero for a time

[shontyson03]

As I said it is usual for an accrual of expense to be reversed at the beginning of the year so that the wages expense account would be zero for a time

Thanks for you help. I solved the problem with entering -$2,200 from both CL and CA.