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    Financial Accounting Information for Decisions
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    Exam 3: Adjusting Accounts for Financial Statements
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    July 31,2013,the End of the Quarter,is on a Wednesday
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July 31,2013,the End of the Quarter,is on a Wednesday

Question 107

Question 107

Essay

July 31,2013,the end of the quarter,is on a Wednesday.Employees get paid each Friday for the five-day work week.Abel Co.has five employees who earn $100 per day each.Make the necessary adjusting journal entry for June 30.

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