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View Policies Current Attempt in Progress The Oriole Amusement Park paid employee wages on and through Friday, August 25, and the next payroll will be

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View Policies Current Attempt in Progress The Oriole Amusement Park paid employee wages on and through Friday, August 25, and the next payroll will be paid September 5. There are four more working days in August (28-31). Employees works days a week and the company pays $850 a day in wages. What will be the adjusting entry to accrue wages expense at the end of August No adjusting entry is required. Wages Expense Wages Payable 850 850 Wages Expense Wages Payable 4250 4250 Wages Expense Wages Payable 3400 3400 Current Attempt in Progress On July 1 the Sunland Gallery paid $3700 to Fairy Realty for 4 months rent beginning July 1. Prepaid Rent was debited for the full amount of financial statements are prepared on August 31, the adjusting entry to be made by the Sunland is debit Rent Expense, 5925; credit Prepaid Rent, $2775 debit Rent Expense, $2775credit Prepaid Rent, 3925 debit Prepaid Rent. $1850;credit Rent Expense. $1850. debit Rent Expense, $1850, credit Prepaid Rent, $1850. Attempts: 0 of used Save for Later

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