Prepare any necessary journal entries for 2020, including adjusting entries. 4. Acme’s employees earned $1,000 as...
Prepare any necessary journal entries for 2020, including adjusting entries. 4. Acme’s employees earned $1,000 as of 12/31/20 which will be paid to them on 1/5/21.
Homework Answers
| Date | General Journal | Debit | Credit |
| 12/31/20 | Salaries and wages expense | $1,000 | |
| Salaries and wages payable | $1,000 | ||
| 1/5/21 | Salaries and wages payable | $1,000 | |
| Cash | $1,000 | ||
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