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Business, 02.03.2020 19:25 aleilyg2005
Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2021, and employees are paid $5,600. The next two-week pay period ends on January 11, 2022, and employees are paid $5,600. Required: Record the adjusting entry on December 31, 2021. Calculate the 2021 year-end adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0).
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Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-we...
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