Answer:
The adjusting entry passed by Jamie will be $5000.
Step-by-step explanation:
The full $5000 is wages expense, that will be booked for December only. The payments are not done, so we will credit the account wages payable.
As the payments are made, the wages payable will be debited and if the payments are made through bank, they will be credited in future months.
Note : nature of accounts wages expense = Profit and loss account
nature of wages payable = part of balance sheet
Hence, the adjusting entry passed by Jamie will be $5000.
