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If an employer records an entry for accrued salaries, it will also record an entry for accrued employer payroll taxes expense.
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
For a company whose fiscal year ends on Dec., 31, the date of reversing entries is typically
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
The day a note is issued is called the
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
The amount that is due on the maturity date of a note is called the
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
The payment of a note payable is recorded in the cash payments journal.
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
The original amount of the note is called the
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
Prepaid expenses are expenses until they are actually used.
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
Wilson Company signs a 180-day, 10% note for $7,000. The source document for this transaction is a receipt.
True
Jan. 1
True
date of a note
principal of a note
maturity value
True
False
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