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Flint Hills employees work Monday through Friday, and salaries of $2,400 per week are paid...

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Question

Accounting

Flint Hills employees work Monday through Friday, and salaries of $2,400 per week are paid each Friday. Flint Hills' year-end falls on Tuesday. Which of the following is the correct adjusting entry at year end?

Answer

Debit salary expense $960; credit cash $960

How can we know it is $960?

Answer & Explanation Solved by verified expert
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