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wages is expense and expense is debit
salary is income and income is credit
Nova Bernier
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Is wages expense credit or debit?
Debit, debit increasing wages
Is wages and salaries expense a debit or credit?
All kind of expenses have debit balances so wages and salaries expenses have also debit balance instead of credit balance.
What is the journal entry for outstanding wages?
debit wages expensescredit wages payable
Does Texas law allow judgments by the courts to garnish wages for credit card debt?
Yes, Texas allows garnishment of wages for credit card debit
Is wages and salaries expenses on a normal balance account considered a debit or credit?
Wages and salaries both are expenses to the company and like all expenses normal debit balance these accounts also have debit balance as their normal balance.
What is the journal entry of a repayment of a loan 2000 debited in error to wages account?
Debit Loan account 2000 Credit Wages account2000
What is the jounal entry to after-the-fact payroll where all taxes have been paid?
Debit - Payroll (Wages) - for the amount of the total gross wages. Debit - Payroll Tax Expense - for the amount of the EMPLOYER taxes. Credit - Cash
What is the journal entry for wages paid for installation of machinery?
[Debit] Machinery Asset [Credit] Cash Account
Is prepaid insurance a debit or credit?
Debit
What is the journal entry when Anna paid her receptionist 1000 in wages for the period January 16 through January 27?
[Debit] wages Expenses 1000 [Credit] Cash 1000
Does cash on hand have a debit or credit balance?
credit
Is a refund to a credit card a debit or credit?
Debit
