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During 2021, U-Commute Airlines paid salary expense of $41.4 million. At December 31, 2021, U-Commute accrued salary expense of $2.4 million. U-Commute then paid $2.5
During 2021, U-Commute Airlines paid salary expense of $41.4 million. At December 31, 2021, U-Commute accrued salary expense of $2.4 million. U-Commute then paid $2.5 million to its employees on January 3, 2022, the company's next payday after the end of the 2021 year. For this sequence of transactions, show what U - Commute would report on its 2021 income statement and on its balance sheet at the end of 2021. Complete the table below to show what U-Commute would report on its 2021 income statement. (Enter amount in millions as provided to you in the problem statement, $X.X.) Income Statement account 2021 (amount in millions) During 2021, U -Commute Airlines paid salary expense of $41.4 million. At December 31, 2021, U - Commute accrued salary expense of $2.4 million. U - Commute then paid \$2.5 million to its employees on January 3,2022 , the company's next payday after the end of the 2021 year. For this sequence of transactions, show what U - Commute would report on its 2021 income statement and on its balance sheet at the end of 2021. Complete the table below to show what U-Commute would report on its 2021 income statement. (Enter amount in millions as provided to you in the problem statement, $.X.)
During 2021, U-Commute Airlines paid salary expense of $41.4 million. At December 31, 2021, U-Commute accrued salary expense of $2.4 million. U-Commute then paid $2.5 million to its employees on January 3, 2022, the company's next payday after the end of the 2021 year. For this sequence of transactions, show what U - Commute would report on its 2021 income statement and on its balance sheet at the end of 2021. Complete the table below to show what U-Commute would report on its 2021 income statement. (Enter amount in millions as provided to you in the problem statement, $X.X.) Income Statement account 2021 (amount in millions)
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