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Estimate the amount of wages payable at the end of january

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Reference no: EM133132454

Question - The Hilltop Inn pays its employees on a biweekly basis. The last day of the pay period for January is the 25th. The biweekly gross pay for Hilltop's employees has averaged $4,200. Assume a biweekly pay period covers 14 workdays.

Required -

1. Estimate the amount of wages payable at the end of January.

2. Record the adjusting entry for January.

Reference no: EM133132454

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