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Can someone please explain how we get this journal entry with wages payable of 80,000 and wages expense of 1,135,000? This is the transaction. 5)
Can someone please explain how we get this journal entry with wages payable of 80,000 and wages expense of 1,135,000?
This is the transaction.
5) 1215,00 7) 6) Cash payments to employees during the year, totaled $1,215,000. This was both towards unpaid salaries at the beginning of the year and for salaries earned during 2012
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