As at the end of July, you calculated that $1800 of wages is owed to your hourly
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Question:
As at the end of July, you calculated that $1800 of wages is owed to your hourly rate staff. You decided to create manual journal to accrue the wages payable.
You have to considerwhich account is debited and which account is credited?
At the end of July, you estimated doubtful debts of $9000 should be recorded.
The balance of the allowance for doubtful debts account is to increase by $9000.
You have to considerwhich account is debited and which account is credited?
Related Book For
Financial Accounting A User Perspective
ISBN: 978-0470676608
6th Canadian Edition
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
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