Edmund OMally Associates reported short-term notes payable and salary payable as follows: During 2012, OMally paid off
Question:
During 2012, OMally paid off both current liabilities that were left over from 2011, borrowed money on short-term notes payable, and accrued salary expense.
Requirement
1. Journalize all four of these transactions for OMally during2012.
Transcribed Image Text:
2011 2012 Current liabilities (partial) Short-term notes payable Salary payable $ 16,400 3,400 15,600 24 3,100
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Question Posted:
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