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6. XYZ Co. failed to accrue salaries expense of $24,000 at the end of 2022 . There error was identified in 2023, after the salaries
6. XYZ Co. failed to accrue salaries expense of $24,000 at the end of 2022 . There error was identified in 2023, after the salaries had been paid. What is the effect of this error on the 2023 beginning balance of retained earnings? What is the journal entry to correct this error (2022's books are closed). 6. XYZ Co. failed to accrue salaries expense of $24,000 at the end of 2022 . There error was identified in 2023, after the salaries had been paid. What is the effect of this error on the 2023 beginning balance of retained earnings? What is the journal entry to correct this error (2022's books are closed)
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