Snark Inc. ended the year with $100,000 in salaries payable. During the year they paid $75,000 in

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Snark Inc. ended the year with $100,000 in salaries payable. During the year they paid $75,000 in cash salaries and recorded $85,000 in salary expenses. What was their beginning year’s balance for salaries payable?

$110,000
$100,000
$90,000
$85,000

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Financial Accounting

ISBN: 978-0133472264

5th Canadian edition

Authors: Charles Horngren, William Thomas, Walter Harrison, Greg Berberich, Catherine Seguin

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Posted Date: Oct 23, 2022 05:52 AM

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Snark Inc. ended the year with $100,000 in salaries payable. During the year they paid $75,000 in

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90000 Calculation of salaries payable at the beginn... View the full answer

Financial Accounting

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