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3 A & R Problem 3-1 The Salaries Payable account of James Bay Company Limited...

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Accounting

3 A & R Problem 3-1 The Salaries Payable account of James Bay Company Limited appears below: Salaries Payable Entries during 2023 450,500 Required: 1. What was the salary expense for 2023? Salary expense The company records the salary expense and related liability at the end of each week and pays the the month. 24,390 435,000 Payment Bal. Jan. 1, 2023 Entries during 2023 2. How much was paid to employees in 2023 for work done in 2022?

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