Rice Co. salaried employees are paid biweekly. Advances made to employees are paid back by payroll deductions. Information relating to salaries follows:12/31/Year 112/31/Year 2Employee AdvancesUSD24,000USD36,000Accrued Salaries Payable40,000?Salaries Expense During the Year420,000Salaries Paid During the Year (Gross)390,000In Rice's December 31, Year 2, balance sheet, accrued salaries payable was:
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