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K Assume that the weekly payroll of In the Woods Camping Supplies is $350. December 31, end of the year, falls on Tuesday, and in
K Assume that the weekly payroll of In the Woods Camping Supplies is $350. December 31, end of the year, falls on Tuesday, and in the Woods will pay its employee on Friday for the full week. What adjusting entry will In the Woods make on Tuesday, December 31? (Use five days as a full workweek.) Date A. SOB. O C. O D. Salaries Expense Salaries Payable Salaries Payable Salaries Expense Salaries Expense Cash T Accounts and Explanation No adjustment is needed because the company will pay the payroll on Friday. Debit 140 350 140 Credit 140 350 140
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