Can someone please help me with this homework question? I got the wrong answer and...
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Can someone please help me with this homework question? I got the wrong answer and I want to understand what I did wrong. much appreciated!
Milford Corporation pays its employees on the 15 th of each month. Accrued, but unpaid, salaries on December 31, year 1, totaled $210,000. Salaries earned by Milford's employees from January 1 through January 15, year 2, totaled $216,000. a. Prepare the necessary adjusting entry for salaries expense on December 31 , year 1
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Milford Corporation pays its employees on the 15 th of each month. Accrued, but unpaid, salaries on December 31, year 1, totaled $210,000. Salaries earned by Milford's employees from January 1 through January 15, year 2, totaled $216,000. a. Prepare the necessary adjusting entry for salaries expense on December 31 , year 1
