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Modern company prepares adjusting entries monthly. The total weekly wages expense for all employees is $13,600. This amount is paid at the end of the
Modern company prepares adjusting entries monthly. The total weekly wages expense for all employees is $13,600. This amount is paid at the end of the day on Friday of each week with 5 working days. April 30 falls on a Thursday this year, which means that the employees had worked four days since the last payday. The next payday is May 1. Prepare April 30, 2020 adjusting journal entry.
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