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Under the cash basis, when would the wages expense of $5,000 be recorded? Explain.

As of January 31, 2004, Wyle Construction Inc. owed its employees $5,000 for wages. Because the 31st falls on a Saturday, Wyle did not pay its employees until the following Monday, February 2. Under the cash basis, when would the wages expense of $5,000 be recorded? Explain.

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