a. Chipotle has monthly wages expense of $4,400 that has been incurred but not paid...
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Accounting
a. Chipotle has monthly wages expense of $4,400 that has been incurred but not paid as of December 31.
b. United Airlines purchases a 24-month insurance policy for $66,000 on December 1 for immediate coverage.
c. On December 15, Pfizer prepays $32,000 for hotel rooms for its January sales meeting.
SITUATIONSEXPENSE RECOGNIZED IN DECEMBERa. wages expenses incurred but not paidb. purchases a 24-month insurance policyc. prepays for hotel rooms for its annual sales meeting
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