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Business · Accounting
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A company owes workers $3,000 in wages for hours worked in March. In April, the company writes a check for the wages. Using the accrual basis, what entry does the company make in March? SELECT ONLY ONE Debit Cash $3,000, Credit Accrued Wage Payable -$3,000 Debit Wage Expense -$3,000, Credit Cash $3,000 Debit Accrued Wage Payable - $3,000, Credit Wage Expense $3,000 Debit Cash - $3,000, Credit Wage Ex- pense $3,000 Debit Wage Expense - $3,000, Credit Accrued Wage Payable $3,000Whats the owners capital at the end of the year based on the statement below? Statement of Owners Equity $2,250 $ 1,750 3,500 Thomas Cinson, Capital, January 1, 2017 Additional Investment for the Year Net Income for the Year Withdrawals for the Year s 0) Thomas Cinson, Capital, December 31, 2017 SELECT ONLY ONE $1,500 $1,750 $3,250 $5,000 $7,500Whats the value of the inventory sold based on the report below? Starting Inventory dditional Inventory Purchase Ending Inventory Quantity Uni Value Total Value $2$30,000 $2 $10,000 $2 $15,000 15,000 5,000 7,500 SELECT ONLY ONE $10,000 $15,000 $25,000 $35,000

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