Of course, many items of expense are paid for in cash during the accounting period. Salaries of
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Of course, many items of expense are paid for in cash during the accounting period. Salaries of $100,000 earned in 2011 and paid in cash in 2011 are recorded in the following entry.
Dr. . . . . . . . .
Cr. . . . . . . . . . . . . . . . . . . . . . .
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