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QUESTION

Canyon Co pays weekly salaries of $12,000 on Friday for A five day week ending on that day.

Canyon Co pays weekly salaries of $12,000 on Friday for A five day week ending on that day. What adjusments at the end of the accounting period, assuming that the period ends on (a)tuesday,(b)wednesday? Indicate each account affected, whether the account is decreased or increased and the amount of the increase or decrease.

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