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Your calendar year company, which the accrual basis, pays sales

Question : Your calendar year company, which the accrual basis, pays sales : 8709

Your calendar year company, which is on the accrual basis, pays sales reps a 5% commission on sales. If, as of December 31, your sales for the year are $1 million, and you have paid $44,000 in commissions, you will:

A. Debit Commission Expense for $44,000B. Debit Commission Expense for $6,000C. Credit Commissions Payable for $5,000D. Credit Commissions Payable for $50,000

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Accounting 10 Months Ago 216 Views
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