Prepare the journal entry for transaction
Pete parlor started business january 1,2010.At the start of february, pete had salaries payable outstanding of $17,000. on february 4th,pete sent out paychecks to its employees valued at $20,000. prepare the journal entry for this transaction.
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The note is to be paid in five semiannual installments of $42,000 on the principal, with interest accruing from the date of the preceding payment. Journalize the entry to record (A) the transaction on June 30, (B) the payment of the first installm
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