On December 31, 20–, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must…
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On December 31, 20–, Karmansky Company needed to record its accrued wages for year-end. If December 31 is a Tuesday, then Karmansky Company must account for two days of wages. The company operates on a five-day workweek, the prior week’s gross pay was $32,650, and the net pay was $21,330. Journalize the adjusting entry to be made on December 31 for the accrued wages.
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