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Gamble Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare the required adjusting entries

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Gamble Company adjusts its accounts at the end of each month. The following information has been assembled in order to prepare the required adjusting entries at December 31: Acne your bank loan $720 000 tan annual interest rate of had been o ned on December 1 The company pays all employees up-to-date each Friday Since December 31 on Tuesday, there was alability to employees at December 31 for two days pay. Employees earn a total of $12.800 per week t h e building had been paid for three months. The montrent is $7.000 Depreciation of office equipment is based on an emated us e of five years. The balance in the Omice Equipment account is $12.00, no change has occurred in the account during the year 15 All fees totaling $19.800 were earned during the month for clients who had paid in advance AO How much is owed the employees for their wages? B C. $5,120 D$12.800 13

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