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The total premium for each policy was paid in full for all months) at the purchase date and the Prepaid Insurance account was debited for

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The total premium for each policy was paid in full for all months) at the purchase date and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.) c. The company has 15 employees, who earn a total of $2,100 in salaries each working day. They are paid each Monday for their work In the five-day workweek ending on the previous Friday. Assume that December 31, 2019. is a Tuesday, and all 15 employees worked the first two days of that week. Because New Year's Day is a paid holiday they will be paid salaries for five full days on Monday, January 6, 2020, d. The company purchased a building on in 2010 2 points Journal entry worksheet 1 Book Record the payment of accrued and current salaries. Print References Note: Enter debits before credits Date Jan 08 Debit Credit General Journal Salaries expense Salaries payable 10.500 10.500

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