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Mason Painting Services has a weekly payroll of $27,000. December 31 falls on Wednesday and Mason will pay its employees the following Monday (January 5)
Mason Painting Services has a weekly payroll of $27,000. December 31 falls on Wednesday and Mason will pay its employees the following Monday (January 5) for the previous full week. Assume that Mason has a five - day workweek and has an unadjusted balance in Salaries Expense of $780,000 What amount should be debited to Salaries Expense on December 31
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