Question

wages paid 7,200 journal entry of this​

Answer 1

Answer:

Here is the wages payable journal entry. Later in January when the wages are paid, the employer would debit the wages payable account because the wages are no longer owed to the employees and credit the cash account for the amount of cash paid to the employees.

Explanation:

Answer 2

Answer:

Wages Paid A/c     Dr   7200

     To Cash A/c                      7200

Explanation:

Wages paid is an expense and thus is debited while cash is being paid to settle it off,thus cash is credited in the books.