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Prepare the year-end adjusting entry for wages expense

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Question - Pablo Management has six employees, each of whom earns $100 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the six employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday.

Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4.

Reference no: EM132599028

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