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Unformatted text preview: and Dec Adjustment (f) Dec. 31 Accounts Receivable 5,436 Rent earned 5,436 To record earned rent for Nov and Dec 2. Prepare journal entries to record the first subsequent cash transaction in 2010 for parts c and e . Date Explanation Debit Credit Jan. 6 Salaries Payable (15 Employees 2 days at $1,830 per day) 54,900 Salaries Expense (15 Employees, 3 days at $1,830 per day) 82,350 Cash 137,25 Paid one weeks' salary including two days accrued in December Jan. 15 Cash 6,000 Accounts receivable (Dec) 3,000 Rent Earned (Jan) 3,000 Rent paid for both December and January QUESTION 3-4A 1....
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This note was uploaded on 03/18/2011 for the course ACC 201 taught by Professor Pendarvis during the Spring '09 term at St. Leo.
- Spring '09