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Pick Correct one 1.If payday occurs on each Wednesday for the weekly pay period ending the previous Friday, and an entry is made each Friday
Pick Correct one
1.If payday occurs on each Wednesday for the weekly pay period ending the previous Friday, and an entry is made each Friday to accrue the payroll for that week, the journal entry to record on payday (Wednesday) would involve a debit to:
Wage Expense.
Wages Payable.
Cash.
Cash Expense.
None of these.
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