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On December 1 5 , 2 0 1 5 XYZ Co . hired Jeremy Jacobs to begin working on January 2 , 2 0 1

On December 15,2015 XYZ Co. hired Jeremy Jacobs to begin working on January 2,2016 at a monthly salary of $4,000. XYZ's balance sheet of December 31 will show a liability of

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