What will be the effect on the accounts when the salaries and wages that were...
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What will be the effect on the accounts when the salaries and wages that were incurred and recorded in the prior accounting period are finally paid? Multiple choice question. Salaries and Wages Expense will increase and Salaries and Wages Payable will decrease. Salaries and Wages Payable will decrease and Cash will decrease. Salaries and Wages Expense will increase and Cash will decrease. Salaries and Wages Expense will decrease and Cash will decrease.
What will be the effect on the accounts when the salaries and wages that were incurred and recorded in the prior accounting period are finally paid?
Multiple choice question.
Salaries and Wages Expense will increase and Salaries and Wages Payable will decrease.
Salaries and Wages Payable will decrease and Cash will decrease.
Salaries and Wages Expense will increase and Cash will decrease.
Salaries and Wages Expense will decrease and Cash will decrease.
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