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On December 3 1 , 2 0 2 3 , Styles Co . owed $ 2 5 , 0 0 0 in salaries to employees

On December 31,2023, Styles Co. owed $25,000 in salaries to employees who had worked during December 2023, but would be paid for that work in January 2024. If the accrued salaries year-end adjustment is properly recorded on December 31,2023, what will be the effect of the adjustment on the following items for Styles Co.?

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