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Adjusting Entries: Accrued Expenses
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Adjusting Entries: Accrued Expenses
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3. Accrual Accounting Concepts / Adjusting Entries: Accrued Expenses / Problem 1
Problem 1
An employee earns \$120 per day. If the last pay date was December 27th and the fiscal period ends on December 31st, what is the accrued wage expense?
A
\$360
B
\$600
C
\$480
D
\$240
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