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Journalize the adjusting entry to record payables accrued

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Reference no: EM133132020

Question - Accrued Expense - A company pays its employees every other Friday, with daily wages of $340, including weekends. The previous payday occurred on Friday, June 24.

a. If the company's year ended June 30, what amount should the wages payable account on the balance sheet show?

b. Journalize the adjusting entry to record the payables accrued.

Reference no: EM133132020

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