At December 31, 2021, Blossom Company made an accrued expense adjusting entry of $1,850 for salaries. On January 4, 2022, it paid salaries of $3,180: $1,850 for December salaries and $1,330 for January salaries.
Answer. It is assume that journal entries were asked in this question. On, Jan. 4, 2022, salary paid include last year (Dec. 2021) is $1,850 and for Jan. 2022 is $1,330. So total salaries paid is $3,180.
Date | Account tittle | Debit | Credit |
12/31/2021 | Salaries Expense | $1,850 | |
Salaries Payable | $1,850 | ||
Accrued salary recorded | |||
01/04/2022 | Salaries Expense | 1,330 | |
Salaries Payable | 1,850 | ||
Cash | 3,130 | ||
Salary expense ans outstanding salary paid |
At December 31, 2021, Blossom Company made an accrued expense adjusting entry of $1,850 for salaries....
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