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18 August, 05:45

On January 9, a company pays $5,310 for salaries and wages of which $2,160 was reported as Salaries and Wages Payable on December 31. Give the entry to record the payment.

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  1. 18 August, 05:54
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    On December 31

    The journal entry is shown below:

    Salaries and wages payable A/c Dr $2,160

    Salaries and Wages expense A/c Dr $3,150

    To Cash A/c $5,310

    (Being the payment is recorded)

    The computation is shown below:

    For Salaries and Wages expense

    = Cash account - Salaries and wages payable

    =$5,310 - $2,160

    = $3,150
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