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Prepare summary entry that represents net effect of salaries

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Reference no: EM131787007

Sherriane Baby Products' salaries expense was $17 million. What is the amount of cash Sherriane paid to employees during the reporting period if its salaries payable increased by $3 million? Prepare a summary entry that represents the net effect of salaries expense incurred and paid during the reporting period.

Reference no: EM131787007

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