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Suppose you have several employees, and you pay them every other Friday. December 31styear-end comes on a Wednesday, and payday is a week and a
Suppose you have several employees, and you pay them every other Friday. December 31styear-end comes on a Wednesday, and payday is a week and a half away. If you are on an accrual accounting method, how do you record this payroll expense on your financial statements?
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