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Baker Company's weekly payroll amounts to $20,000 and employees are paid each Friday. Employees work 5 days per week, Monday through Friday. The appropriate adjusting

Baker Company's weekly payroll amounts to $20,000 and employees are paid each Friday. Employees work 5 days per week, Monday through Friday. The appropriate adjusting entry was recorded at the end of the accounting period, which was Tuesday, December 31, 2019 and includes a(n):

  • A. Credit to wages payable for $20,000
  • B. Credit to cash for $8,000
  • C. Credit to wages payable for $8,000
  • D. Credit to cash for $20,000

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