Journalize the following transactions (Assume a 360-day year when calculating interest.):
Definitions:
Equilibrium Employment
The level of employment where the quantity of labor supplied is equal to the quantity of labor demanded.
Labor-Force Participation
The percentage of the working-age population that is engaged in the labor market, either employed or actively seeking employment.
Minimum Wage
The lowest legally permissible hourly wage that companies can pay to employees.
Bureau of Labor Statistics
A U.S. government agency responsible for collecting and analyzing essential data related to labor economics, including employment, unemployment, and price statistics.
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