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43) WRITE YOUR ANSWERS IN THE BLANKS PROVIDED IN THIS QUESTION On December 31 of the current year, 2019, $2,500 of salaries have been earned
43) WRITE YOUR ANSWERS IN THE BLANKS PROVIDED IN THIS QUESTION On December 31 of the current year, 2019, $2,500 of salaries have been earned but not yet paid to employees. If the business failed to make an adjusting entry on December 31, indicate the effect on assets, liabilities, equity, and net income. Assets Liabilities Understated, Overstated, No Effect Equity Net Income
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