6 A company made no adjusting entry for accrued and unpaid...
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Accounting
6 
A company made no adjusting entry for accrued and unpaid employee salaries of $7.600 on December 31. Which of the following statements is true? Multiple Choice It will understate expenses and overstate net income by $7600 It will understate assets by $7,600 It will overstate assets and abities by $7.600. It will have no effect on income. It will understate net income by $7600
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