C3: Kite Company's weekly payroll, paid on Fridays, totals $10,000. Employees work a 5-day week....

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Accounting

C3:

Kite Company's weekly payroll, paid on Fridays, totals $10,000. Employees work a 5-day week. Kites fiscal year is the calendar year and December 31st happened to be a Thursday. Prepare Kite's journal entries on the dates listed in the table

Date

Account Titles

Debit Amount

Credit Amount

Dec 31st

Jan 1st

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