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What the account salaries expense had a credit balance

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Reference no: EM132693898

Problem 1: If a trial balance were to be prepared on the first day of the new year, and the account Salaries Expense had a credit balance, you would know that

a. the trial balance is a post-closing trial balance
b, the adjusting entries have been recorded
c. the trial balance is an adjusted trial balance
d. a reversing entry has been made

Reference no: EM132693898

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