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The Burns Company has two office employees and two shipping employees.A summary of their earnings and deductions for the week ended August 23,2016,is shown below.On page 10 of a general journal,record the August 23 payroll and the entry to summarize the effect of the checks written to pay the payroll.
Notes Receivable
Financial assets representing amounts owed to a company by entities or individuals, typically evidenced by a written promissory note.
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