Identify and analyze the adjustments to be recorded
Ogonquit operates five days per week with an average weekly payroll of $4,150. Ogonquit pays its employess every Thursday. December 31, 2008 is a Wednesday. Identify and analyze the adjustments to be recorded on December 31, 2008.
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Lily estimates that her time to fall asleep each night is approximately exponentially distributed. It takes her an average of 30 minutes to fall asleep.
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