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Prepare the adjusting journal entry required at march

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Question - Crane has five employees who each earn $220 a day. Salaries are normally paid on Mondays for work completed Monday through Friday of the previous week. Salaries were last paid on Monday, March 29. March 31 falls on a Wednesday this year. Salaries will be paid next on Monday, April 5. For the above situation, prepare the adjusting journal entry required at March 31.

Reference no: EM133186060

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