Multiple Choice
In 2015, Milford Corporation determined that it overstated salaries payable and salaries expense by $20,000 in 2014.In 2015, which of the following accounts will have to be credited to correct this error?
A) Salaries and Wages Payable.
B) Salaries and Wages Expense.
C) Retained Earnings.
D) Income Summary.
Correct Answer:
Verified
Correct Answer:
Verified
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