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A company with a 5-day workweek pays employees on Friday. This month ends on Thursday. If gross salary for the week is $10,000, what is
A company with a 5-day workweek pays employees on Friday. This month ends on Thursday. If gross salary for the week is $10,000, what is the necessary adjusting entry? debit Salary Payable for $8,000; credit Salary Expense for $8,000 debit Salary Expense for $2,000; credit Salary Payable for $2,000 debit Salary Payable for $2,000; credit Salary Expense for $2,000 debit Salary Expense for $8,000; credit Salary Payable for $8,000 no adjusting entry is necessary
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