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At 28 June 2016 the Wages Expense account had a balance of $200,000 Dr. No wages were paid between 28 June and 30 June
At 28 June 2016 the Wages Expense account had a balance of $200,000 Dr. No wages were paid between 28 June and 30 June 2016. At 30 June 2016 an adjusting entry was made for $5,000 of accrued wages and then the closing entries were performed. What is the balance of the Wages Expense account after the closing entries have been performed?
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Financial Accounting an introduction to concepts, methods and uses
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
13th Edition
978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003
