Business, 02.03.2020 22:18 rrrrainy

A company pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 26, 2010, and employees are paid $5,600. The next two-week pay period ends on January 9, 2011, and employees will be paid $5,600. Record the adjusting entry on December 31, 2010.

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A company pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends...