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On Friday of each week, Spoon company pays its factory personnel weekly wages amounting to 45,000 for a five day work week prepare the necessary

On Friday of each week, Spoon company pays its factory personnel weekly wages amounting to 45,000 for a five day work week

  1. prepare the necessary adjusting at year end, assuming December 31st falls on a Wednesday
  2. prepare the journal entries for payments of the week wages on the payday Friday January 2 of the next year

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