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Which of the following transactions does not involve an accrual? a. Recording salary expense incurred but not yet paid. b. Recording operating expense incurred

Which of the following transactions does not involve an accrual? a. Recording salary expense incurred but not yet paid. b. Recording operating expense incurred but not yet paid. c. Recording interest earned that will be received in the next period. d. Recording the pre-payment of two years' worth of insurance.

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