Erik OHern Associates reported short-term notes payable and salaries payable as follows: During 2016, OHern paid off
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During 2016, O€™Hern paid off both current liabilities that were left over from 2015, borrowed money on short-term notes payable, and accrued salaries expense. Journalize all four of these transactions for O€™Hern during 2016. Assume no interest on short-term notes payable of $15,200.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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