Question: Per timecards, from the last payroll date through December 31, 2016, ABC's employees have worked a total of 200 hours. Including payroll taxes, ABC's wage

Per timecards, from the last payroll date through December 31, 2016, ABC's employees have worked a total of 200 hours.
Including payroll taxes, ABC's wage expense averages about $20 per hour. The next payroll date is January 5, 2017.
The liability for wages payable must be recorded as of 12/31/16.

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