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Libby and Lacey Company had the following business transactions this year. Prepare the following journal entry (round to the nearest whole dollar): Total salaries were

image text in transcribed Libby and Lacey Company had the following business transactions this year. Prepare the following journal entry (round to the nearest whole dollar): Total salaries were paid in the amount of $322,000 : $188,500 for direct labor, $85,000 for indirect labor, and the remaining dollar amount is for Administrative Salaries

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