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Magnolia Tree Service has a weekly payroll of $55,000. December 31, 2019 falls on Tuesday and Magnolia will pay its employees the following Monday (January
Magnolia Tree Service has a weekly payroll of $55,000. December 31, 2019 falls on Tuesday and Magnolia will pay its employees the following Monday (January 6, 2020) for the previous full week. Assume that Anthony has a five-day work week. Prepare the December 31, 2019 adjusting entry. Include the date... omit the explanation. Show your work for all calculated numbers and label your numbers.
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