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Exercise 3-14 Adjusting and subsequent cash entries for accrued expenses LO4 IKEO is a store with trendy and affordable furniture. IKEO has five part-time employees,

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Exercise 3-14 Adjusting and subsequent cash entries for accrued expenses LO4 IKEO is a store with trendy and affordable furniture. IKEO has five part-time employees, each of whom earns $280 per day. They are normally paid on Fridays for work completed on Monday through Friday of the same week. They were all paid in full on Friday, December 26, 2017. The next week, all five of the employees worked only four days because New Year's Day was an unpaid holiday. Show the adjusting 199

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