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On a Worksheet If the Opening Balance of the Salaries

Question 31

Multiple Choice

On a worksheet if the opening balance of the salaries expenses account was $7000, a reversing entry for $800 was completed for salaries accrued in the previous year and $600 of salaries were prepaid in the current year the balance of salaries expense transferred to the income statement column would be:


A) $6800.
B) $7200.
C) $8400.
D) $5600.

Correct Answer:

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