Prepare adjusting, closing, and payroll entries for...
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Accounting
Prepare adjusting, closing, and payroll entries for wages using two methods. (a) Wages paid during 201 are $20,140. (b) Wages earned but not paid (accrued) as of December 31,201, are $310. (c) On January 3,202, payroll of $900 is paid, which includes the $310 of wages earned but not paid in December. Required: 1. Prepare the entnes without making a reversing entry. 2. Prepare the entries with the use of a reversing entry 1. Prepare the adfusting and closing enthes on December 31; 20-1. Generiblovendinstactomas How roes scoctine work? 2. Frepare the edusting and elosing enthet on December 31, 2a-1 Herseser scoslorupek
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