Prepare the adjusting journal entry on december 31 in


Question - At December 31, the unadjusted trail balance of H&R Tacks report Wages Payable of $0 and Wages Expenses of $20,000.  Employees have been paid for work done up to December 27, but the $1200 they have earned for December 28-31 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.

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Accounting Basics: Prepare the adjusting journal entry on december 31 in
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