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At December 31, Magnum Auto Bodyshop owes an employee for four days of work that will not be paid until January 5th. The weekly rate
At December 31, Magnum Auto Bodyshop owes an employee for four days of work that will not be paid until January 5th. The weekly rate of pay for a five-day workweek is $1250. The adjusting entry to record the accrued wages on December 31 will include A.debit to Salaries Payable for $1,250. B. debit to Salaries Expense for $1,000. C. debit to Salaries Expense for $1,250. D. debit to Salaries Payable for $1,000.
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