Oland has a five-day work week and pays salaries of $35,000 each Friday. 1. Make the adjusting

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Oland has a five-day work week and pays salaries of $35,000 each Friday.

1. Make the adjusting entry required on May 31, assuming that June 1 falls on a Wednesday.

2. Make the entry to pay the salaries on June 3.

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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