Multiple Choice
In 2011, Milford Corporation determined that it overstated salaries payable and salaries expense by $20,000 in 2010.In 2011, which of the following accounts will have to be credited to correct this error?
A) Salaries Payable.
B) Salaries Expense.
C) Retained Earnings.
D) Income Summary.
Correct Answer:
Verified
Correct Answer:
Verified
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