reversed the accrued salaries
reversed the accrued salaries
Homework Answers
Journal Entry for reversal of accrued salaries
| Accounts title and explanation | Debit | Credit |
| Accrued Salaries | xxxxx | |
| Salaries expense | xxxxxx | |
| [Entry made for reversal of accrued salaries ] |
By the above reversal entry accrued salaries account can be nullified and then after to make the payment entry,
Salaries expense account would be debited and cash account would be credited .
Journal entry for the following transaction: Paid salaries $21,900 in cash, including salaries of $1,500 accrued...
Journal entry for the following transaction: Paid salaries $21,900 in cash, including salaries of $1,500 accrued from December 16 through December 31, 2019, and $20,400 for up to December 15, 2019.
Adjusting Entries for Accrued Salaries Garcia Realty Co. pays weekly salaries of $40,000 on Friday for...
Adjusting Entries for Accrued Salaries Garcia Realty Co. pays weekly salaries of $40,000 on Friday for a five-day workweek ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Monday. Salaries Expense Salaries Payable b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday Salaries Expense Salaries Payable
Adjusting Entries for Accrued Salaries Garcia Realty Co, pays weekly salaries of $31,500 on Friday for...
Adjusting Entries for Accrued Salaries Garcia Realty Co, pays weekly salaries of $31,500 on Friday for a five-day workweek ending ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday. Salaries Expense Salaries Payable Feedback Check My Work Learning Objective 2 b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday. Salaries Expense Salaries Payable
At December 31, 2021, Blossom Company made an accrued expense adjusting entry of $1,850 for salaries....
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.
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.
Adjusting Entries for Accrued Salaries Garcia Realty Co. pays weekly salaries of $47,500 on Friday for...
Adjusting Entries for Accrued Salaries Garcia Realty Co. pays weekly salaries of $47,500 on Friday for a five-day workweek ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Tuesday. b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday.
A company recorded 2 days of accrued salaries of $1,450 for its employees on January 31....
A company recorded 2 days of accrued salaries of $1,450 for its employees on January 31. On February 9, it paid its employees $7,100 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: Multiple Choice C) 1/ 1.450 salaries Expense Salaries Payable 1.450 12/9 salaries Expense Salarios Payable Cash 5,650 1,450 7,100 1,450 1/31 Salaries Expense Salaries Payable 1.450 2/9...
A company recorded 2 days of accrued salaries of $1,650 for its employees on January 31....
A company recorded 2 days of accrued salaries of $1,650 for its employees on January 31. On February 9, it paid its employees $7,500 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: Multiple Choice 1/31 1,650 Salaries Expense Salaries Payable 1.650 2/9 Salaries Payable Salaries Expense Cash 5,850 1,650 7,500 1/31 1,650 Salaries Payable Salaries Expense 1,650 2/9 Salaries...
A company recorded 2 days of accrued salaries of $2,150 for its employees on January 31....
A company recorded 2 days of accrued salaries of $2,150 for its employees on January 31. On February 9, it paid its employees $8,500 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: Multiple Choice 1/31 Salaries Payable 2,150 Salaries Expense 2,150 2/9 Salaries Expense 6,350 Salaries Payable 2,150 Cash 8,500 1/31 Salaries Expense 2,150 Salaries Payable 2,150 2/9 Salaries...
PG. 17 A company recorded 2 days of accrued salaries of $1,400 for its employees on...
PG. 17 A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: 1/31 Salaries Expense 1,400 Salaries Payable 1,400 2/9 Salaries Payable 7,000 Salaries Expense 1,400 Cash 7,000 1/31 Salaries Payable 1,400 Salaries Expense 1,400 2/9 Salaries...
At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries....
At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 2022, it paid salaries of $3,140: $1,820 for December salaries and $1,320 for January salaries.
Adjusting Entries for Accrued Salaries Garcia Realty Co. pays weekly salaries of $40,000 on Friday for a five-day workweek ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Monday. Salaries Expense Salaries Payable b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday Salaries Expense Salaries Payable
Adjusting Entries for Accrued Salaries Garcia Realty Co, pays weekly salaries of $31,500 on Friday for a five-day workweek ending ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday. Salaries Expense Salaries Payable Feedback Check My Work Learning Objective 2 b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday. Salaries Expense Salaries Payable
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.
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.
A company recorded 2 days of accrued salaries of $1,450 for its employees on January 31. On February 9, it paid its employees $7,100 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: Multiple Choice C) 1/ 1.450 salaries Expense Salaries Payable 1.450 12/9 salaries Expense Salarios Payable Cash 5,650 1,450 7,100 1,450 1/31 Salaries Expense Salaries Payable 1.450 2/9...
A company recorded 2 days of accrued salaries of $1,650 for its employees on January 31. On February 9, it paid its employees $7,500 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: Multiple Choice 1/31 1,650 Salaries Expense Salaries Payable 1.650 2/9 Salaries Payable Salaries Expense Cash 5,850 1,650 7,500 1/31 1,650 Salaries Payable Salaries Expense 1,650 2/9 Salaries...
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