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Pablo Management has five employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of
Pablo Management has five employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3 and 4. New Year's Day (January 1) was an unpaid holiday. (a) Prepare the year-end adjusting entry for wages expense. (b) Prepare the journal entry that would be made to record payment of the employees' wages on Friday, January 4
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