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Business, 14.12.2019 13:31 anher

Alex company has 10 employees, who earn a total of $1,800 in salaries each working day. they are paid on monday for the five-day workweek ending on the previous friday. assume that year ended december 31, is a wednesday and all employees will be paid salaries for five full days on the following monday. the adjusting entry needed on december 31 is: a. debit salaries expense, $5,400; credit salaries payable, $5,400. b. debit salaries expense, $3,600; credit salaries payable, $3,600. c. debit salaries expense, $9,000; credit salaries payable, $9,000. d. debit salaries payable, $5,400; credit salaries expense, $5,400. e. debit salaries expense, $5,400; credit cash, $5,400.

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