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Boxes Galore manufactures plastic storage boxes of all sizes. They run their operations every day of the year, and pay salaries and wages that
Boxes Galore manufactures plastic storage boxes of all sizes. They run their operations every day of the year, and pay salaries and wages that total $81,000 per day. Employees are paid every second Friday. If December 31 occurs on the first Tuesday after payday, the year-end adjusting entry for payroll could include which of the following? a debit to Salary Expense for $1,134,000 a credit to Cash for $810,000 O a debit to Salary Expense for $243,000 O a credit to Salaries Payable for $324,000
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