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I need help figuring out the amounts for the red check marks. d. The company's plant operates seven days per week with a daily payroll
I need help figuring out the amounts for the red check marks.
d. The company's plant operates seven days per week with a daily payroll of $950. Wage earners are paid every Sunday. The last day of the month is Friday, March 31. Activity Operating Accounts Wages Payable Increase, Wages Expense Increase Statement(s) Balance Sheet and Income Statement Feedback Check My Work How does this entry affect the accounting equation? If a financial statement item is not affected, select "No Entry" and leave the amount box blank. If the effect on a financial statement item is negative, i.e, a decrease, be sure to enter the answer with a minus sign. Balance Sheet Income Statement Stockholders' Net Assets = Liabilities Equity Revenues + Expenses = Income No Entry Wages Payable 5,700 X No Entry Wages Expense 5,700 x -5,700 X Feedback Check My WorkStep by Step Solution
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