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  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 3: Adjusting Accounts for Financial Statements
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    On January 8, Gallery Corp
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On January 8, Gallery Corp

Question 157

Question 157

True/False

On January 8, Gallery Corp. records $5,000 of accrued salaries. On January 15, $10,000 of salaries are paid. The entry on January 15 includes a debit to the Salaries Payable account.

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