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NetSolutions Software System has a year-end of December 31st, which falls on a Wednesday. NetSolutions employees always get paid every Friday so at the year-end,
NetSolutions Software System has a year-end of December 31st, which falls on a Wednesday. NetSolutions employees always get paid every Friday so at the year-end, there is $187,350 in the Accrued Payroll account. NetSolutions weekly payroll is typically about $312,000. (Assume a 5 day week)
Using analytical procedures for the Accrued payroll account, develop an expectation for the accrued payroll account.
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