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In accounting, if salaries were paid June 16 for $200,000 and the journal entry was a debit to salaries payable and a credit to cash.
In accounting, if salaries were paid June 16 for $200,000 and the journal entry was a debit to salaries payable and a credit to cash. On June 31, the transaction stated to accrue the salaries for the second half of June. How would would you journal entry the accruing of the salaries for the second halve of June? What would you debit and what would you credit?
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