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Fighting Irish Incorporated pays its employees $3,780 every two weeks ($270/day). The current two-week pay period ends on December 28, 2021, and employees are pald
Fighting Irish Incorporated pays its employees $3,780 every two weeks ($270/day). The current two-week pay period ends on December 28, 2021, and employees are pald $3,780. The next two-week pay period ends on January 11, 2022, and employees are paid $3,780 Required: 1. Record the adjusting entry on December 31, 2021. 2. Calculate the 2021 yearend adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0)
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