On December 31, 20--, Sanchez Company needed to record its accrued wages for year-end. If December 31 is a Wednesday, then Sanchez Company must account for three days of wages.
The company operates on a five-day workweek, the prior week€™s gross pay was $29,870, and the net pay was $19,995.
Journalize the adjusting entry to be made on December 31 for the accrued wages.

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JOURNAL DATE POST. DEBIT DESCRIPTION CREDIT REF. 3 3 4