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Question 25 Spiderman Industries employs a five-day workweek and a September 30 year-end. Normal weekly wages amount to $36.000. September 30 ends on a Wednesday,
Question 25 Spiderman Industries employs a five-day workweek and a September 30 year-end. Normal weekly wages amount to $36.000. September 30 ends on a Wednesday, what is the appropriate journal entry at fiscal year-end? deb Salaries and Wages Expense. $21.600 credit salaries and Wes Payable $21.00 debit Salaries and Wages Expense $36.000 credit Sataries and Wages Payable $36.000 debit Salaries and Wages Expense. $7.200: credit Salaries and Wages Payable, $7.200 debit Salaries and Wages Expense. $21.600 credit Cash $21.600 3.25 pt Question 26 Which one of the following is not a justification for adjusting entries? Adjusting entries are necessary to ensure that the revenue recognition principle is followed Adjusting entries are necessary to ensure that the expense recognition principle is followed Adjusting entries are necessary to enable financial statements to be in conformity with GAAP. Adjusting entries are necessary to bring the general ledger accounts in line with the budget. MacBook Air
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