You pay your employees every other week. The pay periods are evenly split between two weeks. What is the adjusting entry that would be used when the wages accrue for the first week of the two week pay period?
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You pay your employees every other week. The pay periods are evenly split between two weeks. What is the adjusting entry that would be used when the wages accrue for the first week of the two week pay period?
Debit Wages Expense for the amount of wages earned
Credit Wages Payable for the amount
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