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Assume December 31 Is a Wednesday

Question 40

Multiple Choice

Assume December 31 is a Wednesday. Circlewood Company's wages are paid every Friday, and the weekly payroll (for five days) amounts to $18,000.
To record the correct amount of expense for December, Circlewood makes the following entry on December 31:


A) Assume December 31 is a Wednesday. Circlewood Company's wages are paid every Friday, and the weekly payroll (for five days) amounts to $18,000. To record the correct amount of expense for December, Circlewood makes the following entry on December 31: A) B) C) D)
B) Assume December 31 is a Wednesday. Circlewood Company's wages are paid every Friday, and the weekly payroll (for five days) amounts to $18,000. To record the correct amount of expense for December, Circlewood makes the following entry on December 31: A) B) C) D)
C) Assume December 31 is a Wednesday. Circlewood Company's wages are paid every Friday, and the weekly payroll (for five days) amounts to $18,000. To record the correct amount of expense for December, Circlewood makes the following entry on December 31: A) B) C) D)
D) Assume December 31 is a Wednesday. Circlewood Company's wages are paid every Friday, and the weekly payroll (for five days) amounts to $18,000. To record the correct amount of expense for December, Circlewood makes the following entry on December 31: A) B) C) D)

Correct Answer:

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