Pablo Management has three employees, each of whom earns $245 per day. They are paid...
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Accounting
Pablo Management has three employees, each of whom earns $245 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the three 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 year-end adjusting entry for wages expense. Note: Enter debits before credits. Journal entry worksheet Record payment of the employees' wages on Friday, January 4. Note: Enter debits before credits. Journal entry worksheet Record the December 31 year-end adjusting entry for wages expense. Note: Enter debits before credits
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