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Prepare the adjusting journal entry on december

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At December 31, the unadjusted trial balance of H& R Tacks reports Salaries and Wages Payable of $ 0 and Salaries and Wages Expense of $ 20,000. Employees have been paid for work done up to December 27, but the $ 1,200 they have earned for December 28 and 31 has not yet been paid or recorded.

Prepare the adjusting journal entry on December 31. In separate T accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

Reference no: EM13876577

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