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Title: Charlton Cleaning Services pays out wages every week on Friday afternoon. Payroll expense totals ... Post by: harra on Sep 19, 2017 Charlton Cleaning Services pays out wages every week on Friday afternoon. Payroll expense totals $3,500 per week, based on a 5-day week. The month of June ended on a Thursday. On Thursday, June 30, Charlton made the following accrual adjustment:
Wages expense 2,800 Wages payable 2,800 At the same time, they prepared the following reversing entry to be booked on July 1: Wages payable 2,800 Wages expense 2,800 On Friday afternoon, when wages were paid out, what journal entry is required? Title: Re: Charlton Cleaning Services pays out wages every week on Friday afternoon. Payroll expense totals ... Post by: Hanoi on Sep 19, 2017 Content hidden
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