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Ducks Corporation mailed invoices totaling $50,000 for payment to several customers for services rendered in 2021 that had not been recorded. Prepare the adjusting entry(ies)
Ducks Corporation mailed invoices totaling $50,000 for payment to several customers for services rendered in 2021 that had not been recorded. Prepare the adjusting entry(ies) required for this transaction
d. Ducks Corporation mailed invoices totaling $50,000 for payment to several customers for services rendered in 2021 that had not been recorded. Prepare the adjusting entry(ies) required for this transaction. ASSETS LIABILITIES EQUITY REVENUES EXPENSES NET INCOME Hint: You should write Increase (I), Decrease (D), or No effect (NE) for each. e. Salaries and wages payable currently has $0 balance. There are 6 employees. Salaries and wages are paid every week on Friday for the current week. Three employees receive $1,000/week and three employees receive $1,400/week. December 31 is a Thursday. Employees do not work weekends. All employees worked the last 4 working days of December. Assume no other adjusting entries have been made this year
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