Business, 26.06.2020 15:01 timothyallenhall2006

Portions of the wages expense account of a business follow: Account Wages Expense Account No. 53 Balance Balance Date Item Post. Ref. Dr. Cr. Dr. Cr. 2018 Dec. 26 (1) 125 15,400 800,000 31 (2) 126 9,250 809,250 31 (3) 127 809,250 — — 2019 Jan. 1 (4) 128 9,250 9,250 2 (5) 129 14,800 5,550 Required: a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made. b. Journalize the complete entry from which each numbered posting was made. Close revenues and expenses to D. Bower, Capital. Refer to the Chart of Accounts for exact wording of account titles. X First Question Shaded cells have feedback.

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Portions of the wages expense account of a business follow: Account Wages Expense Account No. 53 Bal...