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The salaries expenses account on the worksheet shows an opening balance of $15000. The worksheet includes a reversing entry for $1800 for the salaries prepaid
The salaries expenses account on the worksheet shows an opening balance of $15000. The worksheet includes a reversing entry for $1800 for the salaries prepaid in the previous year for salaries accrued in the current year. The balance of the salaries expenses account that will be transferred to the statement of financial performance column is:
A) 14600
b) 18200
c) 15400
d) 11800
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