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During 2011 the Style Hairdressing Salon Paid Out $41 000

Question 37

Multiple Choice

During 2011 The Style Hairdressing Salon paid out $41 000 in wages from its bank account.At year-end 2011 wages owing but unpaid were $2 400.The salon uses accrual accounting.How much would be reported as wages expense for 2011?


A) $38 600
B) $41 000
C) $43 400
D) $42 600

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