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Percy Inc. has a calendar year - end. The following information is available regarding employee wages: Its employees earn wages of $ 2 , 0
Percy Inc. has a calendar yearend. The following information is available regarding employee wages:
Its employees earn wages of $ each day for their fiveday workweek. Percy pays its employees $ every Friday.
As of the end of Monday, Dec its employees had worked a total of one
day for which they have not yet been paid.
On January the employees were paid a total of $
Required: In the general journal below, prepare the adjusting entry needed on Dec X and the regular journal entry to record wages paid on Jan
Reminder: Do not use symbols, decimals, commas, or cents in your numerical responses
tableDateAccount Name:,Debit,CreditWages Expense,,Wages Payable,,Wages Payable,,Wages Expense,,
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