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Journalize the adjusting entries at December

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Reference no: EM132748544

Problem - Adjusting and reversing entries

On the basis of the following data, journalize the adjusting entries at December 31, the end of the current fiscal year:

On the basis of the following data, journalize the reversing entries on January 1, the first day of the following year:

1. Sales salaries are uniformly $11,750 for a five-day workweek, ending on Friday. The last payday of the year was Friday, December 26.

2. Accrued fees earned but not recorded at December 31, $51,300.

Reference no: EM132748544

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