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On friday of eacch week knife company pays its factory personel weekly wages amounting to...

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Accounting

On friday of eacch week knife company pays its factory personel weekly wages amounting to 48,000 for a five day work week

prepare the necessary adjusting entry at year end assuming December 31 falls on thursday

prepare the journal entry for the payment of the week wages on the payday which is friday , january 1 of the next year

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