Prepare the journal on january 3 to record payment assuming, Ask an Expert

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Bentley records adjusting entries on December 31 year end. At December 31, employees had earned $21,500 of unpaid and unrecorded salaries. The next payday is January 3, during which $49,000 will be paid. Prepare the journal on January 3 to record payment assuming the correct adjusting and reversing entries were made on December 31 and January 1.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943593

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