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In 2020 JT Engineering Ltd.'s employees took two weeks of vacation, for a total cost of $8,600. In 2021 the employees took their two
In 2020 JT Engineering Ltd.'s employees took two weeks of vacation, for a total cost of $8,600. In 2021 the employees took their two weeks of vacation at a total cost of $9,400. The difference was due to a pay increase given to the employees in 2021. To correctly account for this difference, JT Engineering should prepare an adjusting entry that.. debits Salaries and Wages Expense $800 debits Salaries and Wages Payable $800 credits $800 to Salaries and Wages Payable credits $800 to Salaries and Wages Expense
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