ZuoTi.Pro
Question

Travel Services had the following unadjusted balances at December 31, 2018: Salaries Payable $0; and Salaries Expense, $1,2001. The T-accounts have been opened for you. Enter the Salaries Payable and Salaries Expense unadjusted balances at December 3* More Info 2018 Dec. 31 Accrued Salaries Expense at December 31, $3,500. 31 Closed the Salaries Expense account. 2019 Jan. 1

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Debit Credit $ 3,500 $ 3,500 $ 4,700 Travel Services Journal entries Date Account Adjusting entry 31-Dec-18 Salaries expense

T Accounts with no reversing entry

Date Debit Date Credit Travel Services T Accounts Date Debit Date Credit Req2 Salaries expense Unadj bal $ 1,200 31-Dec-18 $

T Accounts with reversing entry

Date Debit Date Credit T Accounts Date Debit Date Credit Req3 Salaries expense Unadj bal $ 1,200 31-Dec-18 $ 3,500 31-Dec-18

0 0
Add a comment
Know the answer?
Add Answer to:
Travel Services had the following unadjusted balances at December 31, 2018: Salaries Payable $0; and Salaries...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...

    At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of Su anu Expense of $29,000. Employees have been paid for work done up to December 27, but the $1.200 they have eamed for December 28-31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31, 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete...

  • At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...

    At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $12,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance.

  • At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...

    At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $29,000. Employees have been paid for work done up to December 27, but the $1,200 they have earned for December 28–31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...

  • At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...

    At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wages Expense of $21,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28–31 has not yet been paid or recorded. Required: points 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report...

  • On December 31, 2018 the adjusted trial balance of the Yellin Personnel Agency shows the following...

    On December 31, 2018 the adjusted trial balance of the Yellin Personnel Agency shows the following selected data: Accounts Receivable, $8,000 Service Revenue, $60,000 Interest Expense, $10,500 Interest Payable, $3,500 Utilities Expense, $4,800 Accounts Payable, $2,700 Analysis indicates that adjusting entries were made for (a) $8,000 of employment commission revenue earned but not billed, (b) $3,500 of accrued but unpaid interest, and (c) $2,700 of utilities expense accrued but not paid. Prepare the closing entries at December 31, 2018. (Credit...

  • At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of...

    At December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and Wage Expense of $24,000. Employees have been paid for work done up to December 27, but the $1,300 they have earned for December 28-31 has not yet been paid or recorded. Required: 1. Prepare the adjusting journal entry on December 31. 2. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the...

  • December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0...

    December 31, the unadjusted trial balance of H&R Tacks reports Salaries and Wages Payable of $0 and Salaries and iges Expense of $22,000. Employees have been paid for work done up to December 27, but the $1,100 they have med for December 28-31 has not yet been paid or recorded. quired: Prepare the adjusting journal entry on December 31. Prepare the T-accounts for each account, enter the unadjusted balances, post the adjusting journal entry, and report the adjusted balance. Complete...

  • The accounting records of Foley Architects include the following selected, unadjusted balances at March 31: Accounts...

    The accounting records of Foley Architects include the following selected, unadjusted balances at March 31: Accounts Receivable, $1,300; Office Supplies, $1,000; Prepaid Rent, $2,250; Equipment, $9,500; Accumulated Depreciation Equipment, $0, Salaries Payable, $O; Unearned Revenue, $500; Service Revenue, $4,600; Salaries Expense, $800; Supplies Expense, $O; Rent Expense, $0; Depreciation Expense-Equipment, $0. The data developed for the March 31 adjusting entries are as follows: (Click the icon to view the data.) Read the requirements Requirement 1. Journalize the adjusting entries using...

  • The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown below:...

    The unadjusted and adjusted trial balances for Tinker Corporation on December 31, 2015, are shown below: TINKER CORPORATION TRIAL BALANCES December 31, 2015 Unadjusted Adjusted Debit Credit Debit Credit   Cash $ 35,200 $ 35,200   Accounts receivable 29,120 34,120   Unexpired insurance 1,200 600   Prepaid rent 5,400 3,600   Office supplies 680 380   Equipment 60,000 60,000   Accumulated depreciation: equipment $ 49,000 $ 50,000   Accounts payable 900 900   Notes payable 5,000 5,000   Interest payable 200 250   Salaries payable — 2,100   Income taxes payable 1,570...

  • Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200...

    Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Cash 10,200 34,750 Accounts Receivable Prepaid Insurance 6,000 Supplies Land 1,725 50,000 155,750 Building Accumulated Depreciation---Building 62,850 Equipment 45,000 Accumulated Depreciation Equipment 17,650 Accounts Payable 3,750 Unearned Rent Joni Reece, Capital Joni Reece, Drawing 3,600 153,550 8,000 Fees Eamed 158,600 Salaries and Wages Expense 56,850 Land 155,750 Building Accumulated Depreciation-Building S 62,850 45.000 I SA 17,650 Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent 3,750 3,600 Joni...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT