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    Financial Accounting Study Set 30
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    Exam 4: Adjustments, Financial Statements, and Financial Results
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    At the End of the Accounting Period, Wages Earned by Employees
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At the End of the Accounting Period, Wages Earned by Employees

Question 158

Question 158

True/False

At the end of the accounting period, wages earned by employees but not yet recorded nor paid amounted to $400; therefore, the adjusting entry should be: Debit--Wages payable; Credit - Wages expense.

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