Question

Edmund O’Mally Associates reported short-term notes payable and salaries payable as follows:


During 2014, O’Mally paid off both current liabilities that were left over from 2013, borrowed money on short-term notes payable and accrued salaries expense.
Journalize all four of these transactions for O’Mally during 2014. Assume no interest on short-term notes payable of $15,600.


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  • CreatedJanuary 16, 2015
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