Portions of the salaries expense account of a business are shown below. a. Indicate the nature of
Question:
Portions of the salaries expense account of a business are shown below.
a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
b. Journalize the complete entry from which each numbered posting wasmade.
Transcribed Image Text:
Salaries Expense Account No. 53 Account Balance Post. Ref. Item Dr. Cr. Date Cr. Dr. 2009 Dec. 27 31 31 2010 Jan. 1 17,500 7,000 910,000 917,000 (1) (2) (3) 29 30 31 917,000 (4) (5) 32 33 7,000 7,000 17,500 10,500
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a 1 Payment last payday in year 2 Adjusting accrual of wages at end of year 3 Closin...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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