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A company has Salaries Expense of $2,000 per day and has five working days each week, Monday through Friday. The company pays its employees on
A company has Salaries Expense of $2,000 per day and has five working days each week, Monday through Friday. The company pays its employees on Friday for the days worked that week. June 30 falls on a Wednesday. When the company pays its employees on Friday, July 2nd, the journal entry will include which of the following?
Question 38 options:
Debit to Salaries Expense for $6,000 | |
Debit to Cash for $10,000 | |
Debit to Salaries Payable for $6,000 | |
Debit to Salaries Expense for $10,000 | |
Credit to Salaries Payable for $4,000 |
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