Erwin Press pays wages of $6,000 every Friday for a five-day workweek.June 30,the last day of the fiscal year,falls on a Tuesday.In the journal provided,prepare the June 30 adjusting entry as well as the July 3 follow-up entry when the wages are paid.Omit explanations.
Definitions:
Centered Moving Average
Centered Moving Average is a calculation used to smooth out data series by averaging consecutive subsets of data points centered around each point, often used in time series analysis.
Least Squares
A mathematical method used in regression analysis to find the best-fitting line through a set of data points by minimizing the sum of the squares of the vertical distances of the points from the line.
Time-Series Data
Data points collected or recorded at time intervals, allowing analysis of patterns, trends, and forecasting.
Trend Equation
A mathematical formula that fits a line to a set of data points in a way that best expresses the relationship and tendency over time.
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