Jamie is the accountant of a logistics company. In the month of December, $5,000 of wages remained unpaid. The accounting period

Answer:

Jamie will make an adjustment entry amounting to $5000.

Step-by-step explanation:

The entire $5000 represents the wage expense that will be recorded solely for December. Since payments have yet to be made, we will credit the wages payable account.

As the payments occur, the wages payable account will be debited, and if transactions are processed via bank in the subsequent months, they will get credited.

Note: nature of accounts wages expense = Profit and loss account

nature of wages payable = part of balance sheet

Consequently, Jamie's adjusting entry will be $5000.