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How much salary expense is incurred or recorded by company

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Reference no: EM132974475

A company president works the last week in December 2019, but her salary of $5,000 for that week is paid to her at the end of the first week in January 2020. The company uses accrual-basis accounting. Based on the preceding information

Problem a. How much salary expense is incurred (recorded) by the company in 2019?

Problem b. How much salary expense is incurred (recorded) by the company in 2020?

Reference no: EM132974475

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