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Acored Litter Thordinate to owing that require adjusting entries at the end of the year...

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Accounting

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Acored Litter Thordinate to owing that require adjusting entries at the end of the year Therwood pays payroll of $100.000 every other day for a work period. This year the last paris Priday, December 26 (Note: The work week Monday through Friday) D. Thorwood purchased 350,000 of the online with a note payable requg 12 rest. The rest in principal on the note are out within 1 year. As of December 31, Thorwood de propalo ir mes Tworsened income $900,000 for the year for tax purposes. Its effective tax rates 30%. These fant must be paid by April 15 of next year Required: Prepare the adjusting journal entries to record these transactions at the end of the current year

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