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X Company has one employee who earns $50 per day and is paid every Friday. Assume December 31, 2020 is a Wednesday. Give the adjusting

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"X Company has one employee who earns $50 per day and is paid every Friday. Assume December 31, 2020 is a Wednesday. Give the adjusting entry on December 31, 2020 and the entry to record the payment of the salary on January 2.2021 (ignore payroll taxes). 12/09/20 "X Company has one employee who earns $50 per day and is paid every Friday, Assume December 31, 2020 is a Wednesday. Give the adjusting entry on December 31, 2020 and the entry to record the payment of the salary on January 2.2021 (ignore payroll taxes). - 12/09/20

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