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You have been assigned to examine the financial statements of Bridgewater, Inc. for the year ended December 31, 2018. You discover the following situations in
You have been assigned to examine the financial statements of Bridgewater, Inc. for the year ended December 31, 2018. You discover the following situations in February 2019. Bridgewater, Inc. has not accrued salaries payable at the end of each of the last 2 years, as follows. December 2016 $6,000 December 2017 SO December 2018 $4,100 a. Assume the trial balance has been prepared but the books HAVE NOTbeen closed for 2018. Assuming all amounts are material, prepare journal entries showing the adjustments that are required. (Ignore income tax considerations). b. Assume the trial balance has been prepared but the books HAVE been closed for 2018. Assuming all amounts are material, prepare journal entries showing the adjustments that are required. (lgnore income tax considerations)
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