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answer following 2 questions Acompany made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. The entry to record the
answer following 2 questions
Acompany made no adjusting entry for accrued and unpaid employee salaries of $9,000 on December 31. The entry to record the adjusting entry should have been: debit Salary Expense, $9,000; credit Prepaid Salary, $9,000 O debit Salary Expense, $9,000; credit Fees Earned, $9,000 debit Salary Expense, $9,000; credit Salaries Payable, $9,000 debit Salary Expense, $9,000; credit Cash, $9,000 On May 1, Carter Advertising Company received $3,600 from Kaitlyn Breanna for advertising services to be completed April 30 of the following year. The Cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31, Year 2 would include: a debit to Unearned Fees for $1,200. a debit to Earned Fees for $3,600. a credit to Unearned Fees for $1,200. O a debit to Earned Fees for $2,400 Step by Step Solution
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