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The monthly salaries for employees are $5,000, and salaries are paid on the 15th of each month for their work done in the previous month.
The monthly salaries for employees are $5,000, and salaries are paid on the 15th of each month for their work done in the previous month. Sam has recorded salary expenses each month from January to November 2022. What is the adjusting entry on December 31st given that the the company prepares annual adjusting entries.
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