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tatyana61 [14]
3 years ago
7

Adjustment for Accrued Expense

Business
1 answer:
Alexus [3.1K]3 years ago
6 0

Answer and Explanation:

The adjusting entry is shown below:

Salary expense Dr ($17,250 ÷ 5 days × 2 days) $6,900

        To Salary payable $6,900

(Being salary expense is recorded)

here salary expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities

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Answer:

Taxes can be either direct or indirect. A direct tax is one that the taxpayer pays directly to the government. These taxes cannot be shifted to any other person or group. An indirect tax is one that can be passed on-or shifted-to another person or group by the person or business that owes it.

Explanation:

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<u>No</u>

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why do journals have a post reference (pr) column to cross reference between journal and trial balance
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