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TB MC Qu. 03-128 A company recorded... A company recorded 2 days of accrued salaries of $2,250 for its employees on January 31. On February
TB MC Qu. 03-128 A company recorded...
A company recorded 2 days of accrued salaries of $2,250 for its employees on January 31. On February 9, it paid its employees $8,700 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are:
Multiple Choice
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1/31 Salaries Expense 2,250 Salaries Payable 2,250 2/9 Salaries Payable 8,700 Salaries Expense 2,250 Cash 8,700 -
1/31 Salaries Payable 2,250 Salaries Expense 2,250 2/9 Salaries Expense 6,450 Salaries Payable 2,250 Cash 8,700 -
1/31 Salaries Expense 2,250 Cash 2,250 2/9 Salaries Expense 8,700 Cash 8,700 -
1/31 Salaries Expense 2,250 Salaries Payable 2,250 2/9 Salaries Expense 8,700 Cash 8,700 -
1/31 Salaries Expense 2,250 Salaries Payable 2,250 2/9 Salaries Expense 6,450 Salaries Payable 2,250 Cash 8,700
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