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Prepare the necessary adjusting at year end

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Reference no: EM132622254

Question - On Friday of each week, Spoon company pays its factory personnel weekly wages amounting to 45,000 for a five day work week

Required -

1. Prepare the necessary adjusting at year end, assuming December 31st falls on a Wednesday?

2. Prepare the journal entries for payments of the week wages on the payday Friday January 2 of the next year?

Reference no: EM132622254

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