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Sheridan Incorporated has 10 employees who work Monday - Friday each week and they are paid every other Friday. Each employee is paid $980 a
Sheridan Incorporated has 10 employees who work Monday - Friday each week and they are paid every other Friday. Each employee is paid $980 a week ( $196 per day) for a 40 -hour work week. All 10 employees worked 3 days (Monday - Wednesday) which were not yet paid at the end of the month which ended on Wednesday. In preparing the adjusting entries for month end, Sheridan should make what journal entry? no entry should be made for salaries and wages not paid debit Salaries and Wages Payable and credit Salaries and Wages Expense, $5880 debit Salaries and Wages Expense and credit Salaries and Wages Payable, $5880 debit Salaries and Wages Payable and credit Salaries and Wages Expense, \$2940
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