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What is the adjusting entry to the accrual of salaries

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Reference no: EM132461343

Dune corporation pays its employees $1,000 per five-day work week on Fridays. June 30 falls on a Thursday; financial statement will be prepared that day.

Instructions:

Question A. What is the adjusting entry to the accrual of salaries and wages for the last week of the month of June?

Question B. What is the journal entry for the payment of salaries and wages on July 1?

Reference no: EM132461343

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