Business, 03.06.2021 21:50 officialrogerfp3gf2s

A company has a policy of paying salaries for contract labor on the 15th of the month following the labor services received. In December 2021, the company recorded $15,000 paid in salaries for labor services received in November 2021. In addition, labor services received in December 2021 were $12,000 and will be paid by the company on January 15, 2022. What adjusting entry will the company record on December 31, 2021

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A company has a policy of paying salaries for contract labor on the 15th of the month following the...