Exercise 3-7 (Algo) Adjusting and paying accrued wages LO P3 Pablo Management has two employees,...
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Exercise 3-7 (Algo) Adjusting and paying accrued wages LO P3 Pablo Management has two employees, each of whom earns $205 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the two employees worked Monday, December 31, and Wednesday, Thursday, and Friday, January 2, 3, and 4. New Year's Day (January 1 ) was an unpaid holiday, Prepare the December 31 year-end adjusting entry for wages expense and record payment of the employees' wages on Friday. January 4. Journal entry worksheet Record the December 31 yeat-end adjusting entry for wages expense. (Algo) Adjusting and paying accrued wages LO P3 Pablo Management has two employees, each of whom earns \$205 per day. They are paid on Fridays for work completed Monday hrough Friday of the same week. Near year-end, the two employees worked Monday, December 31, and Wednesday, Thursday, and Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpald holiday. Prepare the December 31 year-end adjusting entry for wages expense and record payment of the employees' wages on Friday. January 4. Journal entry worksheet Record payment of the employees' wages on Friday, January 4. Noter tinter debuts before credits
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