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9. Alex Company has 10 employees, who eam a total of $2250 in salaries each working day They are paid on Monday for the five-day
9. Alex Company has 10 employees, who eam a total of $2250 in salaries each working day They are paid on Monday for the five-day workweek ending on the previous Friday. Assume that year ended December 31, is a Wednesday and all employees will be paid salaries for five full days on the following Monday. The adjusting entry needed on December 31 is. Debit Prepayments. $6.750: credit Salaries Expense, $6,750. O Debit Salaries Expense, $6,750: credit Cash, $6.750. Debit Salaries Expense, $11,250, credit Accruals, $11,250 O Debit Salaries Expense, $6750: credit Accruals, $6.750. O Debit Salaries Expense, $4,500; credit Accruals, $4,500. H CH Type here to search HUAWEI
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