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Employees work monday through friday and are paid on friday

Please prepare the following journal entries. Indicate which account should be debited and which account should be credited, along with the dollar amount of the debit and credit.

Employees work Monday through Friday and are paid on Friday. Salary expense is $20,000 per day, and December 31 falls on a Tuesday.

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Accounting Basics: Employees work monday through friday and are paid on friday

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