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6. Which of the following adjusting entries involves the cash account? A. Deferred Expense B. Deferred Revenue C. Accrued Asset D. Accrued Liability E. None

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6. Which of the following adjusting entries involves the cash account? A. Deferred Expense B. Deferred Revenue C. Accrued Asset D. Accrued Liability E. None of the above 7. ABC operates five days a week with a daily payroll of $6,000. Employees are paid every Saturday for the workweek just completed (Monday through Friday). The last day of the month is Wednesday, March 31. What is the amount of wage expense recorded on the next payday, Saturday, April 3? A. $0 B. $30,000 C. $12,000 D. $18,000 E. $ 6,000

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