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1. An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries,
1. An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $7.000 payment of salaries in January of the following year?
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Financial Accounting Theory
Authors: William R. Scott
7th edition
132984660, 978-0132984669
