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Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference

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Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. M Employees earned $600 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $7,400. ami Adjustment Type: 0 Salaries Expense Salaries Payable

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