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Author Question: During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume ... (Read 60 times)

lidoalex

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on: Feb 18, 2020
During a recent week, incurred wages were $800. However, $480 of the wages had not been paid. Assume no other adjusting entries have been done this fiscal year. The adjusting entry for wages would be:
◦ debit Wages Payable, $480; credit Wages Expense, $480.
◦ debit Wages Expense, $320; credit Wages Payable, $320.
◦ debit Wages Expense, $480; credit Wages Payable, $480.
◦ debit Wages Payable, $320; credit Wages Expense, $320.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by lidoalex on Feb 18, 2020

mistyjohnson

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lidoalex

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Reply 2 on: Feb 18, 2020
Excellent

ktidd

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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