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To avoid the need for a compound entry

To avoid the need for a compound entry - wages payable for...

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To avoid the need for a compound entry, Mr. Green may choose to reverse the April 30 adjustment  for accrued wages when the May accounting period begins. The reversing entry decreases (debits) 
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Unformatted text preview: wages payable for $80 and decreases (credits) wages expense for $80....
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