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What amount should abc report for accrued salaries payable

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Question - ABC Co.'s salaried employees are paid twice a month. Information relating to salaries for the calendar year 2021 is as follows:

Accrued salaries payable, Jan. 1 - 150,000

Salaries expense during the year - 2,450,000

Salaries paid during the year - 2,330,000

Required - On December 31, 2021, what amount should ABC Co. report for accrued salaries payable?

Reference no: EM133188172

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