If the reversing entry is made

If the reversing entry is made - increases (debits) wages...

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If the reversing entry is made, the May 10 payroll payment can be recorded with a simple entry that 
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Unformatted text preview: increases (debits) wages expense for $200 and decreases (credits) cash for $200....
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This note was uploaded on 11/14/2011 for the course ACCT 1310 taught by Professor Staff during the Fall '10 term at Texas State.

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