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Q8

Question 8 2.5 pts (CLO3) Colossal Realty Co. pays weekly salaries of $19,375 every Friday for a five-day work week ending on that day. If the end of the accounting period is Tuesday, December 31, the adjusting entry to accrue salaries as of that date would include a credit to Cash for 19,375 Salaries Expense for 7,750 Salaries Expense for 19,375 Salaries Payable for 7,750