Give the necessary adjusting entry on January 31. 1 answer below »

Convenient Mailing Services, Inc., incurs salaries at the rate of USD 3,000 per day. The last payday in January is Friday, January 27. Salaries for Monday and Tuesday of the next week have not been recorded or paid as of January 31. Financial statements are prepared monthly. Give the necessary adjusting entry on January 31.

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