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Winnie Wonder Company has the following balances in select accounts on December 31, 2020. All accounts have normal balances. Accumulated Depreciation Accounts Receivable Salaries and
Winnie Wonder Company has the following balances in select accounts on December 31, 2020. All accounts have normal balances. Accumulated Depreciation Accounts Receivable Salaries and Wages Payable Equipment Interest Payable Unearned Service Revenue Supplies Prepaid Insurance Notes Payable S Date December 31 25,000 0 0 20,000 0 80,000 6,000 12,000 100,000 The information below was gathered on December 31, 2020. As of December 31, 2020, no adjustments have been made for the year. December 31 is a Tuesday and employees are paid on Friday. Winnie Wonder has four employees who are paid $800 each for a 5-day work week (Monday through Friday). Instructions: Prepare the adjusting entry for the item described above. Winnie Wonder prepares adjustments annually. Account Title Debit 2 points Save Answer D Credit
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