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Salaries Payable 28,280 395,410 | 376,880 Bal. Jan 1, 2018 Entries during 2018 Entries during 2018 The company records the salary expense and related liability
Salaries Payable 28,280 395,410 | 376,880 Bal. Jan 1, 2018 Entries during 2018 Entries during 2018 The company records the salary expense and related liability at the end of each week and pays all employees on the last Friday of the month. Problem #1 Required: 1. Calculate the salary expense for 2018. 2. Calculate how much was paid to employees in 2018 for work done in 2017. 3. Calculate how much was paid to employees in 2018 for work done in 2018. 4. Calculate how much will be paid to employees in 2019 for work done in 2018
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