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gOOvER gOOvER
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6 years ago
Employees of Ajax Renovations work Monday through Friday and are paid every Friday for work done that week. The daily payroll is $1,200 and the last payday was Friday December 28. What is the required adjusting journal entry, if any, on December 31?
A)
Dr. Wages Expense   1,200
    Cr. Wages Payable       1,200

B)
Dr. Wages Expense   2,400
    Cr. Wages Payable       2,400

C) No entry is required
D)
Dr. Wages Expense   3,600
    Cr. Wages Payable       3,600
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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migrodmigrod
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6 years ago
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gOOvER Author
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5 years ago
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