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Liner Company had three transactions in December 2014 that required adjusting entries: 1) A $220 utility bill for electricity usage in December that will be paid in January 2015. 2) $4,500 in wages owed to 10 employees who worked three days each at the end of December to be paid in January. 3) A $3,000 loan to an officer in September 2014 at a 6% annual interest rate to be repaid in one year.

Author

hassan taimour

Language

EN