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Magnolia Tree Service has a weekly payroll of $50,000.December 31,2016 falls on Thursday and Magnolia will pay its employees the following Monday (January 4,2017)for the previous full week.Assume that Anthony has a five-day workweek and has an unadjusted balance in Salaries Expense of $845,000.Prepare the December 31,2016 adjusting entry.
Truthful
Being honest and not containing or telling any lies.
Superiority Attitude
A mindset or disposition in which an individual believes they are superior to others, often leading to dismissive or derogatory behaviors.
Resentment
A feeling of anger or displeasure about someone or something unfair.
Pros And Cons
The advantages and disadvantages of a specific decision, action, or situation.
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