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Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
Edition 16ISBN: 978-0077862381 Exercise 11
Milford Corporation pays its employees on the fifteenth of each month.ccrued, but unpaid, salaries on December 31, 2015, totaled $175,000.alaries earned by Milford's employees from January 1 through January 15, 2016, totaled $180,000.
a.repare the necessary adjusting entry for salaries expense on December 31, 2015.
b.ecord the company's payment of salaries on January 15, 2016.
a.repare the necessary adjusting entry for salaries expense on December 31, 2015.
b.ecord the company's payment of salaries on January 15, 2016.
Explanation
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Adjusting Entries
Adjusting entries are...
Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello
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