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Salaries and Wages Adjusting Entries On Friday of each week, Beasley Co. pays its employees weekly wages amounting to $24,500 for a five-day work week.
Salaries and Wages Adjusting Entries On Friday of each week, Beasley Co. pays its employees weekly wages amounting to $24,500 for a five-day work week. There will be a minimum of four blanks for each problem. In the FIRST blank enter the date for the journal entry. In the SECOND blank enter the DEBIT ACCOUNT and AMOUNT In the THIRD blank enter the CREDIT ACCOUNT and AMOUNT In the FOURTH blank enter a memo for the transaction. If there is a FIFTH BLANK then your THIRD blank co be a Credit or a Debit please enter DR or CR to specify and then enter the CREDIT ACCOUNT and AMOUNT. The remaining blanks will follow the remaining rules. Question 28 (4 points) Listen 4 Prepare the necessary adjusting entry at year-end, assuming December 31 falls on Wednesday. Blank # 1 A Blank #2 A Blank #3 Blank # 4 Question 29 (5 points) Listen Prepare the journal entry for payment of the week's wages on the payday, which is Friday, January 3 next year. Blank #1 Blank #2 Blank # 3 Blank # 4 Blank #5 E
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