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Journalize the required entries for the following items: a. Austin Company pays daily wages of $645 (Monday-Friday). Paydays are every other Friday. Journalize the Monday,
Journalize the required entries for the following items: a. Austin Company pays daily wages of $645 (Monday-Friday). Paydays are every other Friday. Journalize the Monday, January 31 adjusting entry, assuming that the previous payday was Friday, January 21. If an amount box does not require an entry, leave it blank. Jan. 31 Cash b. Journa b record Austin Company's payroll on Friday, February 4. If an amount box does not require an entry, leave it blank. Prepaid Wages Feb. 4 Wages Expense Wages Payable Wages Receivable c. Annual depreciation expense on the company's fixed assets is $39,600. Journalize the adjusting entry to recognize depreciation for the month of January. If an amount box does not require an entry, leave it blank. Jan. 31 d. The company's Office Supplies account shows a debit balance of $3,755. A count of office supplies on hand on January 31 shows $635 worth of supplies on hand. Journalize the January 31 adjusting entry for Office Supplies. If an amount box does not require an entry, leave it blank. Jan. 31 Journalize the required entries for the following items: a. Austin Company pays daily wages of $645 (Monday-Friday). Paydays are every other Friday. Journalize the Monday, January 31 adjusting entry, assuming that the previous payday was Friday, January 21. If an amount box does not require an entry, leave it blank. Jan. 31 b. Journalize the transaction to record Austin Company's payroll on Friday, February 4. If an amount box does not require an entry, leave it blank. Feb. 4
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