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7 . Company LMN has two employees - Employee X with a monthly salary of $ 5 , 0 0 0 and Employee Ywith an

7. Company LMN has two employees - Employee X with a monthly salary of $5,000 and Employee Ywith an hourly wage of $25, working 160 hours in a month. Record the journal entries for theirrespective payroll expenses.

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