In its first year of operations, Jetway Airlines incurred and paid Salaries Expense of $40 million. On December 31, it accrued an additional Salaries Expense of $2 million. What should Jetway report in the income statement and balance sheet for its first year ended December 31?
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Home » Business » In its first year of operations, Jetway Airlines incurred and paid Salaries Expense of $40 million. On December 31, it accrued an additional Salaries Expense of $2 million.