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    WorriedStudent's Avatar
    WorriedStudent Posts: 1, Reputation: 1
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    #1

    Dec 6, 2011, 07:43 PM
    Accounting General Journal Entry Help
    September 20th - A memorandum was given from human resources indicating that an employee has left the firm and a final wage of $385.00 has be accrued for payment in October.

    Would I debit Wages Expense and credit Wages Payable for the entry on Sept. 20th?

    Wages Expense 385.00
    Wages Payable 385.00

    And what accounts would I use in the final entry?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 7, 2011, 05:48 AM
    Your journal entry to acrue the wages is correct.

    The entry to record the payment is:
    Debit Wages Payable for 385
    Credit Cash for 385
    mccaulke's Avatar
    mccaulke Posts: 1, Reputation: 1
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    #3

    Dec 8, 2011, 08:43 PM
    December 3, purchased tires for resale from cheaply tires in the amount 1932.45
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