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Required Information [The following information applies to the questions displayed below.] During its first year of operations, Walnut Company completed the following two transactions. The

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Required Information [The following information applies to the questions displayed below.] During its first year of operations, Walnut Company completed the following two transactions. The annual accounting period ends December 31. a. Pald and recorded wages of $143.000 during Year 1: however, at the end of Year 1, three days' wages are unpaid and have not yet been recorded because the weekly payroll will not be paid to employees until January 6 of Year 2 Wages for the three days are $4.800. b. Collected rent revenue of $1.500 on December 12 of Year 1 for office space that Walnut rented to another company. The rent collected was for 30 days from December 12 of Year 1 to January 10 of Year 2 quired: Vith respect to wages, provide the adjusting entry required at the end of Year 1 and the journal entry required on January 6 of Year If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Answer is not complete. No Date General Journal Credit Debit 4.800 December 31 Wage expense Wages payable OO 4.800 January 06 Wages payable Wage expense Cash O 4.800 400 9.600

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