On the basis of the following data, (a) Journalize the adjusting entries at June 30, the end
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(a) Journalize the adjusting entries at June 30, the end of the current fiscal year, and
(b) Journalize the reversing entries on July 1, the first day of the following year:
1. Wages are $13,200 per day for a five-day workweek, ending on Friday. The last payday of the year was Thursday, June 27.
2. Accrued fees earned but not recorded at June 30, $25,000.
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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