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Starbuzz Equipment operates from Monday to Friday and pays its employees on a weekly basis. On January 26 employees are paid for the week ending
Starbuzz Equipment operates from Monday to Friday and pays its employees on a weekly basis. On January 26 employees are paid for the week ending January 26, while on February 2 they are paid for the week ending February 2. Starbuzz's salary and wages expense for the week ending January 26 was $56,450.00. The accounting month-end for January is January 31.
How much will Starbuzz Equipment accrue for salaries and wages for the last week of January in the January accounting period in order to accurately reflect these costs for the month.
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