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Crandall Corporation pays its employees total salaries of $400,000 every other Friday for 10 workdays (employees don't work on Saturdays and Sundays). This year, the
Crandall Corporation pays its employees total salaries of $400,000 every other Friday for 10 workdays (employees don't work on Saturdays and Sundays). This year, the company's pay dates fall on November 20 (Friday) and December 4 (Friday). If Crandall closes its books on November 30, which would it record with respect to salaries? Select one: a. 240,000 Salaries Expense Salaries Payable 240,000 O b. Salaries Expense Salaries Payable 200,000 200,000 Salaries Expense 280,000 Cash 280,000 (Alt + A d. Salaries Expense 240,000 Cash 240,000
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