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Find adjusting entries as of december

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The company has 15 employees, who earn a total of $2,950 in salaries each working day. They are paid each Monday for their work in the five-day workweek ending on the previous Friday. Assume that December 31, 2019, is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year's Day is a paid holiday, they will be paid salaries for five full days on Monday, January 6, 2020.

Problem 1: Use the information to find adjusting entries as of December 31, 2019.

Reference no: EM132628728

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