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(Please provide explanation so I can learn from this!!) Gold Company pays its employees every other Thursday. The last payment made in 2022 was for
(Please provide explanation so I can learn from this!!)
Gold Company pays its employees every other Thursday. The last payment made in 2022 was for work completed through December 22 nd. Employees are compensated for five-day work weeks, and the total bi-weekly payroll has averaged about $82,500. What adjusting entry will will Gold make for salaries at the end of this year? What entry will Gold make when employees are paid on January 5, 2023, the first payroll of the year, if no reversing entry is madeStep by Step Solution
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