[debit] wages expenses
credit cash / bank
Debit wages expensesCredit cash / bank
debit wages payablecredit cash
debit payroll expensescredit cash / bank
Journal entry is the basic transaction to record the business transaction and without journal entry no record can be maintained.
debit wages expensescredit wages payable
A journal records what you're findings are
You record he credit entry for transaction (a) 5/1 in the journal as
Journal entry is required to record business transaction in books of accounts and without journal entry no business transaction can be recorded in books.
debit wages expensecredit shares in share capital
Db wage expense Cr cash
if journal entry is misclassified to some other account then it is required to re-classify the journal entry for correct impact or record purposes.
It is termed as Journal entry.