If the year ends on a Thursday for a company that has 2 employees, each...
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Accounting
If the year ends on a Thursday for a company that has 2 employees, each earning $500 per week, assuming a 5-day work week with payday every Friday, what is the required adjusting entry?
What accounts would be found on the Adjusted Trial Balance but not on the Post-Closing Trial Balance?
Show the entry to record $400 of depreciation for the period.
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