Question: SMITH NEEDS TO RECORD A JOURNAL ENTRY AT THE BEGINNING OF 2022 TO REFLECT AN HOURLY WAGE INCREASE OF $4. SMITH HAS 42 EMPLOYEES WHO

SMITH NEEDS TO RECORD A JOURNAL ENTRY AT THE BEGINNING OF 2022 TO REFLECT AN HOURLY WAGE INCREASE OF $4. SMITH HAS 42 EMPLOYEES WHO WORK 8 HOURS PER DAY. AT THE END OF 2021 EACH EMPLOYEE HAD 6 DAYS OF ACCRUED/UNUSED COMPENSATED ABSENCES.

REQUIRED: WHAT IS THE CORRESPONDING DEBIT TO WAGE EXPENSE?

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