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Accounting 1 Adjusting Entries Bares Company has 20 employees who are each paid $80 per day for a 5-day workweek. The employees are paid each
Accounting 1 Adjusting Entries Bares Company has 20 employees who are each paid $80 per day for a 5-day workweek. The employees are paid each Friday. This year the accounting period ends on Tuesday. Prepare the December 31 year and adjusting journal entry Barnes Company should make to accrue wages Description Date PR Debits Credits Prepare the joumal entry for Barnes Company for Friday, January 3 to record the payment of the weck's wages. Date Description PR Debits Credits At the end of the year the estimated depreciation on office equipment is $27,000. Record the General Journal adjustment required on December 31. Date Description PR Debits Credits During the current year ended December 31, clients paid fees in advance for accounting services amounting to $25,000. These foes were recorded in an account called Uncamed Accounting Fees if $3,500 of these fees remain uneared on December 31 of this year present the December 31 adjusting entry to bring the accounts up to date Date Description Debits Credits PR
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