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Madison's Bakery employees earn $4,500 a week for a five-day work week and are paid every Friday. If December 31 falls on a Wednesday, calculate
Madison's Bakery employees earn $4,500 a week for a five-day work week and are paid every Friday. If December 31 falls on a Wednesday, calculate the amount that is owed and select the adjusting entry needed to record the owed but unpaid salaries as of December 31. Question 80 options: a debit to Income Summary for $2,700 and a credit to Salaries Payable for $2,700 a debit to Salaries Expense for $2,700 and a credit to Salaries Payable for $2,700 a debit to Salaries Expense for $4,500 and a credit to Salaries Payable for $4,500 a debit to Salaries Payable for $900 and a credit to Salaries Expense for $900
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