HomeHomework HelpTextbooksTest PrepTextbook Answers
Zookal Homework Help

Homework Help

  1. Business
  2. Accounting
  3. i needed help with the blanks in b thanks...

Question: i needed help with the blanks in b thanks...

Question details

I needed help with the blanks in B! :) Thanks

At the end of the October, XYZ Corp. owes employee wages of $750, but hasnt paid them (they will be paid in Nov.) 5. a. What should be recorded to the accounting equation to account for the wages that are owed? Assets Liabilities 750 Equity b. If the above transaction is not recorded at the end of the month, October expenses will be liabilities will be (indicate understated or overstated for all three) and net income will be

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution