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Salary Expense Is $1,175 Per Day, Monday Through Friday, and the Business

Question 92

Multiple Choice

Salary expense is $1,175 per day, Monday through Friday, and the business pays employees each Friday. If December 31 falls on a Wednesday, the amount of the adjusting entry to record accrued salaries would be:


A) $3,525.
B) $1,175.
C) $2,350.
D) $5,875.

Correct Answer:

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