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y adjusting entry i

y adjusting entry i

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Time left 0:09:44 on Zuhoor Muscat Company pays a total of RO 300,000 salaries to its employees on the 28th of each month (including the work for the 28th). It uses 30 days as an average number of pay days per month. The necessary adjusting entry to be prepared to record accrued salaries on June 30, will include: of a. Debit to Salaries Expense RO 20,000. b. Credit to Salaries Expense RO 25,000. O c. Debit to Salaries Expense RO 280,000. O d. None of the options are correct. e. Credit to Salaries Payable RO 30,000. FINISH ATTEMPT...
Transcribed Image Text:Time left 0:09:44 on Zuhoor Muscat Company pays a total of RO 300,000 salaries to its employees on the 28th of each month (including the work for the 28th). It uses 30 days as an average number of pay days per month. The necessary adjusting entry to be prepared to record accrued salaries on June 30, will include: of a. Debit to Salaries Expense RO 20,000. b. Credit to Salaries Expense RO 25,000. O c. Debit to Salaries Expense RO 280,000. O d. None of the options are correct. e. Credit to Salaries Payable RO 30,000. FINISH ATTEMPT...
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