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  3. Study Set
    Fundamental Accounting Principles
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    Exam 3: Adjusting Accounts for Financial Statements
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    Gallery Corp
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Gallery Corp

Question 8

Question 8

True/False

Gallery Corp. owes its employees $7,000 for the week ended March 31. The company will pay the employees on April 5. The adjusting journal entry prepared on March 31 will include a debit to Salaries Expense and a credit to Cash.

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