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Global Cleaning Services Company pays its employees salary of $60,000 for work performed during the last month. No entry has been recorded previously. However, the company's accountant made an entry assuming
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Global Cleaning Services Company pays its employees salary of $60,000 for work

performed during the last month. No entry has been recorded previously. However,
the company's accountant made an entry assuming an accrual entry was made
previously. Which of the following statements is true?

User Seanmonstar
by
7.5k points

1 Answer

1 vote

Answer: salary payable is understated by $60,000

Step-by-step explanation:

User Ardavis
by
8.6k points
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