Record the necessary entries in the journal entry worksheet

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Reference no: EM13863485

Record the necessary entries in the Journal Entry Worksheet below

1. Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2015, and employees are paid $5,600. Record the adjusting entry on December 31, 2015.

2. Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2015, and employees are paid $5,600. The next two-week pay period ends on January 11, 2016, and employees are paid $5,600. Record the payment of salaries.

3. Calculate the 2015 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2015 is $0).

Reference no: EM13863485

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