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A company pays wages every two weeks. Wages amount to $100 a day. On March 31, the company pays wages for the two weeks ending
A company pays wages every two weeks. Wages amount to $100 a day. On March 31, the company pays wages for the two weeks ending March 24. At the end of the month, the related adjusting journal entry will include a Multiple Choice debit to Wage Expense for $700 and a credit to Wages Payable for $700. O debit to Retained Earnings for $700 and a credit to Wages Payable for $700. O debit to Retained Earnings for $700 and a credit to Cash for $700. O none of the other alternatives are correct O debit to Wages Payable for $700 and a credit to Cash for $700
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