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A company's final pay period of the year had total salaries and wages expense of $13,500 and the pay period covered December 26th to January
A company's final pay period of the year had total salaries and wages expense of $13,500 and the pay period covered December 26th to January 8th (6 days in the current fiscal year and 8 days in the next fiscal year).
a) Provide the adjusting journal entry on the company's year end of December 31st, if required.
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