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QUESTION

Instructions: Adjusting, Closing and Reversing Entries 1. Prepare the entries without making a reversing entry. For a compound transaction, if an...

_______

 Bal._______

Wages Payable  

Cash  

4. Use T-accounts to assist your analysis for the use of a reversing entry.

Wages Expense

Bal.  

Wages Payable  

Cash  

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