What does the amount of wages earned during the first three


1. Employees are paid every Saturday for the preceding work week. If a balance sheet is prepared on Wednesday, December 31, what does the amount of wages earned during the first three days of the week (12⁄29, 12⁄30, 12⁄31) represent? Explain.  

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Accounting Basics: What does the amount of wages earned during the first three
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