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On July 1 0 , Cheung Corporation pays its employees $ 4 5 , 0 0 0 for wages earned during June. Assuming wage expense
On July Cheung Corporation pays its employees $ for wages earned during June. Assuming wage expense had been properly recorded in June, what is the journal entry Cheung would make on July
Select one:
a Debit retained earnings $ and credit cash $
b Debit cash $ and credit wages expense $
c Debit wage expense $ and credit cash $
d Debit wages payable $ and credit cash $
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