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Adjusting Entry for Accrued Salaries

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Adjusting Entry for Accrued Salaries

Exercise 3-6Adjusting Entry for Accrued SalariesKiddle Incorporated has a five-day workweek and pays salaries of $70,000 each Friday.Hide1. Prepare the adjusting entry required on May 31, assuming that June 1 falls on a Wednesday. May 31 To accrue salaries owed but not paid at month end

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