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The company incurs employee salaries of $75,000 for the last week of December which will be paid on January 5th. 13. Record the adjusting
The company incurs employee salaries of $75,000 for the last week of December which will be paid on January 5th. 13. Record the adjusting entry on December 31st related to the employee salaries Account Debit Credit 14. $ _Indicate by how much net income in the income statement is higher or lower if the adjustment in #13 is not recorded (if lower put "-" in front of your answer).
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
3rd edition
007786221X, 978-0077862213
