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1. On the 2016 profit and loss statement of a firm, Salaries was listed as $15,250. The bal- ance sheet on December 31, 2015
1. On the 2016 profit and loss statement of a firm, Salaries was listed as $15,250. The bal- ance sheet on December 31, 2015 showed accrued salaries of $525; the balance sheet on December 31, 2016 showed prepaid salaries of $240 and accrued salaries of $600. During 2016, cash paid for salaries amounted to A. $15,250 B. $15,085 C. $14,890 $15,415 ecords show 2.
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