Turin Company paid $12,500 cash for executive salaries. When the journal entry to record this $12,500 payment

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Turin Company paid $12,500 cash for executive salaries. When the journal entry to record this $12,500 payment was made, it was mistakenly added to the cost of land purchased by Turin instead of as salary expense. Make the journal entry necessary to correct this error.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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