On December 31. Sondgeroth Corporation correctly made S an adjusting entry to recognize $2,000 of accrued salaries
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On December 31. Sondgeroth Corporation correctly made S an adjusting entry to recognize $2,000 of accrued salaries payable. On January 8 of the next year, total salaries of
$3,500 were paid. Assuming the correct reversing entry was made on January 1. the entry on January 8 will result in a credit to Cash $3,500. and the following debit(s):
a. Salaries Payable $3,500.
b. Salaries Expense $3,500.
c. Salaries Payable $2,000 and Salaries Expense $1,500.
d. Salaries Payable $1,500 and Salaries Expense $2,000.
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Related Book For
Financial Accounting Text Only
ISBN: 9780006575405
5th Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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