Business, 04.04.2020 02:21 mmcdaniels46867
When preparing government-wide financial statements at the end of the fiscal year, Meen County recorded an adjusting entry for salaries of $8,500,000. The salaries for 1 week, $13,700,000, were paid on the first Friday of the new fiscal period. The entry to record payment of salaries for the week is
A. Salary expenditure $8,500,000
Salary payable 5,200,000
Cash $13,700,000
B. Salary expense $5,200,000
Salary payable 8,500,000
Cash $13,700,000
C. Salary expenditure $8,500,000
Salary payable $8,500,000
D. Salary expense $13,700,000
Cash $13,700,000
Answers: 1
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When preparing government-wide financial statements at the end of the fiscal year, Meen County recor...
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