Determine the amount of wages paid during the month

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The wages payable and wages expense accounts at May 31, after adjusting entries have been posted at the end of the first month of operations, are shown in the following T accounts:

Wages Payable     Wages Expense

Bal.7,175                    Bal.73,250

Problem 1: Determine the amount of wages paid during the month.

Problem 2: Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $4,620. If an amount box does not require an entry, leave it blank.

Reference no: EM132830540

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