Question
1. What adjusting entry does a company make to record accrued employee salaries? a. debit salaries expense and credit salaries payable b. debit salaries expense
1. What adjusting entry does a company make to record accrued employee salaries? a. debit salaries expense and credit salaries payable b. debit salaries expense and credits cash c. debit salaries payable and credits cash d. debit salaries expense and credit salaries payable
2. in a perpetual inventory system, what journal entry does a company make to record the return of merchandise purchased to account. a. debits accounts payable and credits merchandise inventory. b. debits cash and credits merchandise inventory. c. debits merchandise inventory and credits accounts payable. d. debits merchandise inventory and credits cash.
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