Question: Steve s Stitchery Co has 26 employees with a combined daily

Steve’s Stitchery Co. has 26 employees with a combined daily salary of $5,800. Year-end falls halfway through the two-week pay period. Assume that all employees worked every day during the pay period.
a. Calculate the accrued salaries and journalize the adjusting transaction for December 31.
b. Journalize the payment.

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  • CreatedSeptember 15, 2015
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