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Employees at Mango Corporation Are Paid $18,000 Cash Every Friday

Question 151

Multiple Choice

Employees at Mango Corporation are paid $18,000 cash every Friday for working Monday through Friday. The calendar year accounting period ends on Tuesday, December 31. How much salaries and wages expense should be recorded three days later on January 2?


A) $18,000
B) $7,200
C) $10,800
D) None,

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