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Stan Still Stationery Store's employees are paid every Friday for a five day work week and are paid a total of $1,900 per day. If December 31, 20X1, is on a Wednesday, the amount of the adjusting entry for accrued wages is:

Sagot :

According to given statement, the amount of the adjusting entry for accrued wages is will be $5,700.

What will be the accrued wages?

Last wages would have been paid on Friday. Year is ending on 31 Dec 20X1 which is Tuesday. This means that for Monday and Wednesday , the wages are accrued and are not paid, and will be paid on Friday (which will fall in January, a new accounting period).

Wages for 2 days to be accrued $ 1900 per day x 3 days = $5,700

Therefore, the adjusting entry will be:-

Wages Expenses   $5,700

   To Wages payable                $5,700

(Being entry recorded)

Learn more about adjusting entry, refer to the link:

https://brainly.com/question/24157624

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