Homework Answers
In Income Statement:-
Salary Expense paid $42.4 million
Add: Accrued Expenses $2.4 million $44.8 million
- In Balance sheet the Accrued Expenses of $2.4 million will be shown under Current Liabilities.
Cash Paid $ 3 million on January 3, 2019 will have no impact on 2018 Financial Statements.
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