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Suppose your company sells services for $325 cash this month. Your company also pays $100...

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Accounting

Suppose your company sells services for $325 cash this month. Your company also pays $100 in salaries and wages, which includes $15 that was payable at the end of the previous month and $85 for salaries and wages of this month.

Required:

  1. Prepare the journal entries to record these transactions.

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