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Problem - Learning Library Inc pays its full-time librarian $5,000 every Friday for working a Monday to Friday work week. For the year 2020, the company's year-end falls on a Tuesday. What adjusting entry would need to be made related to accrued salaries?
a. credit to salary expense for $2,000
b. debit to salary expense for $2,000
c. debit to salary payable for $3,000
d. credit to salary payable for $5,000
Accounting Communication Activity You were recently hired as the head of a company's ethics division. As one of your first acts, you decide to prepare a letter.
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