Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of...
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Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of the year was Friday, June 26. Which of the following is correct for the reversing entry on July 1? debit Salaries Expense for $15,000 credit Salaries Payable for $15,000 debit Salaries Payable for $37,500 credit Salaries Expense for $15,000 Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of the year was Friday, June 26. Determine the balance in Salaries Expense on July 1 after reversing entries have been journalized and posted to the ledger. debit balance of S37,500 credit balance of S15,000 debit balance of $15,000 credit balance of S7,500 Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of the year was Friday, June 26. Which of the following is correct for the reversing entry on July 1? debit Salaries Expense for $15,000 credit Salaries Payable for $15,000 debit Salaries Payable for $37,500 credit Salaries Expense for $15,000 Wages are $37,500 per week for a five-day workweek, ending on Friday. The last payday of the year was Friday, June 26. Determine the balance in Salaries Expense on July 1 after reversing entries have been journalized and posted to the ledger. debit balance of S37,500 credit balance of S15,000 debit balance of $15,000 credit balance of S7,500
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