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(Solution) - Legolas Company paid 5 000 cash for executive salaries When the

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Legolas Company paid $5,000 cash for executive salaries. When the journal entry to record this $5,000 payment was made, the payment was mistakenly added to the cost of land purchased by Legolas. The $5,000 should have been recorded as salary expense. Make the journal entry necessary to correct this error.


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This question was answered on: Jul 11, 2017

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