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A Company Shows a Balance in Salaries and Wages Payable

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A company shows a balance in Salaries and Wages Payable of ¥48,000 at the end of the month. The next payroll amounting to ¥54,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries? A company shows a balance in Salaries and Wages Payable of ¥48,000 at the end of the month. The next payroll amounting to ¥54,000 is to be paid in the following month. What will be the journal entry to record the payment of salaries?


Definitions:

Partial

Relating to or affecting only a part; not total or complete.

Quiet Enjoyment

A legal principle that assures the possessor of a property or tenant the right to use the property without interference from the landlord or others with superior title.

Eviction

The legal process through which a tenant is forced to leave the property they are renting.

Interference

In legal contexts, actions that improperly obstruct or prevent an activity or process, such as contract performance or business operations.

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