Which journal entry reflects the adjusting entry needed on December 31?: It is December 31,...
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Accounting
Which journal entry reflects the adjusting entry needed on December 31?: It is December 31, the end of the fiscal year. During December, employees earned $800,000 in salaries, but paychecks do not get issued until January 2. No entry is needed. Dr. Salary Expense 800,000 Cr. Salaries Payable 800,000 Dr. Salary Expense 800,000 Cr. Cash 800,000 Dr. Cash 800,000 Cr. Salaries Payable 800,000 Dr. Salaries Payable 800,000 Cr. Cash 800,000
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