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The weekly salaries bill for Credo Ltd is $70 000 for a five-day working week. Employees are paid on Friday for work completed to Thursday.

The weekly salaries bill for Credo Ltd is $70 000 for a five-day working week. Employees are paid on Friday for work completed to Thursday. If 30 June 2016 fell on a Wednesday, what would be the accrued salaries payable on 30 June 2016?

Select one:

$42 000

$28 000

$14 000

None of the answers provided

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