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Question 12 Company XYZ made no adjusting entry for accrued and unpaid employee salaries of $5,000 on December 31. The entry to record the
Question 12 Company XYZ made no adjusting entry for accrued and unpaid employee salaries of $5,000 on December 31. The entry to record the adjusting entry should have been O Debit Salary Expense, $5,000, credit Cash, $5,000 O Debit Salary Expense, $5,000, credit Salaries Payable, $5,000 O Debit Salary Expense, $5,000, credit Prepaid Salary, $5,000 O Debit Salary Expense, $5,000, credit Fees Eamed, $5,000
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