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A company pays wages of $12,500 at the end of each five-day work week. A) What is the standard entry for wages paid on each
A company pays wages of $12,500 at the end of each five-day work week.
A) What is the standard entry for wages paid on each pay date? B) Assuming the company's year-end falls on a Wednesday, prepare the necessary journal entries on December 31st and on the January 2nd pay date.
A.
B. (Dec 31st)
C. (Jan 2)
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