On December 31, Year 3, Supplies, Inc. adjusted its records to recognize $10,000 of accrued salaries. Based on this information alone, the
A. income statement for Year 4 would show $10,000 of accrued salaries expense.
B. balance sheet at the beginning of Year 4 would show $10,000 of accrued salaries payable.
C. income statement for Year 3 would show $10,000 of accrued salaries payable.
D. balance sheet at the beginning of Year 4 would show $10,000 of accrued salaries expense.
Answer: B
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