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The law firm of Dale & Clark prepares its financial statements on a monthly basis. Among the items requiring Adjustment at December 31 are the
The law firm of Dale & Clark prepares its financial statements on a monthly basis. Among the items requiring Adjustment at December 31 are the following:
i)Salaries to staff attorneys are paid on the fifteenth day of each month. Salaries accrued since December 15 amount to $17,800 and have not yet been recorded.
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