If Chipotle has monthly wages expense of $5200 that has been incurred but not paid as of December 31st. The appropriate journal entry to record the transaction is: Debit Wages expense $5,200, Credit Wages payable $5,200.
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Journal entry</h3>
If Chipotle has monthly wages expense of the amount of $5200 that has been incurred but not paid as of December 31st. The appropriate journal entry to record the transaction is:
Chipotle journal entry
Debit Wages expense $5,200
Credit Wages payable $5,200
(To record wages expenses)
Therefore the entry is Debit Wages expense $5,200, Credit Wages payable $5,200.
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