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Sherriane Baby Products' salaries expense was $16.7 million. a. What is the amount of cash Sherriane paid to employees during the reporting period if its
Sherriane Baby Products' salaries expense was $16.7 million. a. What is the amount of cash Sherriane paid to employees during the reporting period if its salaries payable increased by $6.6 million? (Enter your answer in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Cash million b. Prepare a summary entry that represents the net effect of salaries expense incurred and paid during the reporting period. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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