Please check my answers. Assignment 5. Financial Accounting 21JUL21 1)...
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Assignment 5. Financial Accounting 21JUL21 1) On August 31, CVS pays $100 in salaries for work performed during August. Does this create an expense on CVS's August income statement? Yes 2) On August 31, cvs pays $50 for rent on a building for the following September. Does this create an expense on CVS's August income statement? Yes. 3) As of August 31, CVS employees have earned $30 in wages that will not be paid until September. Does this create an expense on CVS's August income statement? No
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