Coronado Co. pays its employees twice a month, on the 7th and the 21st. On...
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Coronado Co pays its employees twice a month, on the and the On June Coronado Co paid employee salaries of $ This transaction would decrease net income for the month by $ decrease the balance in Salaries and Wages Expense by $ increase owner's equity by $ be recorded by a $ debit to Salaries and Wages Payable and a $ credit to Salaries and Wages Expense. 
Coronado Co pays its employees twice a month, on the and the On June Coronado Co paid employee salaries of $
This transaction would
decrease net income for the month by $
decrease the balance in Salaries and Wages Expense by $
increase owner's equity by $
be recorded by a $ debit to Salaries and Wages Payable and a $ credit to Salaries and Wages Expense.
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