Tracy,Inc. Tracy,Inc.adjusts its books each month but closes its books at the end of the year.The trial balance at July 31 before adjustments is as follows:
Refer to the trial balance for Tracy,Inc.
Employees are owed $750 for services since the last payday in July,to be paid the first week in August.The amount to be reported in the July income statement for salaries expense is:
A) $750
B) $8,550
C) $7,050
D) $7,800
Correct Answer:
Verified
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