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On June 1, 2020 Jones Consulting hires an employee for $4,000 per month. The employee will be paid the June wages in July, 2020. The
On June 1, 2020 Jones Consulting hires an employee for $4,000 per month. The employee will be paid the June wages in July, 2020. The journal entry that needs to be recorded at the end of June is: Debit Wages Expense and credit Cash $4,000 Debit Accrued Wages and credit Cash $4,000 Debit Wages Expense and credit Accrued Wages $4,000 Debit Cash and credit Wages Expense $4,000
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