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Exhibit 6-1The totals from thefirstpayroll of the year are shown below.TotalEarn

Exhibit 6-1The totals from thefirstpayroll of the year are shown below.TotalEarningsFICAOASDIFICAHIFITW/HStateTaxUnionDuesNetPay$36,195.10$2,244.10$524.83$6,515.00$361.95$500.00$26,049.22Refer to Exhibit 6-1. Journalize the adjustment for accrued wages for the following Monday, which is the end of the accounting period. The gross payroll for that day is $7,475.Exhibit…

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P5-5 Comprehensive: Income Statement and Retained EarningsThe Houston Manufactur

P5-5 Comprehensive: Income Statement and Retained EarningsThe Houston Manufacturing Company presents the fol- lowing partial list of account balances, after adjustments, as of December 31, 2007:Sales salaries expense$ 27,400Sales personnel travel expenses$ 8,300Miscellaneous administrative expenses3,000Property taxes and insurance expense9,000Sales returns5,000Retained…

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