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Reviewing payroll records indicates that one-fifth of employee salaries that are due to be paid in January, totaling $15,000, are actually for hours worked in
Reviewing payroll records indicates that one-fifth of employee salaries that are due to be paid in January, totaling $15,000, are actually for hours worked in December. There was no previous balance in the Salaries Payable account at that time. Based on the information provided, prepare the Dec. 31 adjusting journal entry
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