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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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