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PLEASE POST AN EXPLANATION TO THIS ANSWER, I KNOW THE CORRECT ANSWER BUT NOT HOW TO REACH IT. The employees of Neat Clothes work Monday
PLEASE POST AN EXPLANATION TO THIS ANSWER, I KNOW THE CORRECT ANSWER BUT NOT HOW TO REACH IT.
The employees of Neat Clothes work Monday through Friday. Every other Friday the company issues payroll checks totaling $38,000. The current pay period ends on Friday, July 3. Neat Clothes is now preparing quarterly financial statements for the three months ended June 30. What is the adjusting entry to record accrued salaries at the end of June? Multiple Choice 7,600 Salaries expense Salaries payable 7,600 11,400 Prepaid salaries Salaries payable 11,400 Salaries expense Salaries payable 26,6001 | 26,600Step by Step Solution
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To calculate the adjusting entry for accrued salaries at the end of June we need to consider the wor...Get Instant Access to Expert-Tailored Solutions
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