Portions of the salaries expense account of a business are shown below. a. Indicate the nature of
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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:
Account Salaries Expense Account No. 53 Balance Post. Ref. Date 2011 Dec. 27 Item Dr 18,500 7,400 897,800 905,200 3 2 905,200 2012 Jan. 1 7,400 7,400 18,500 11,100
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a 1 Payment last payday in year 2 Adjusting accrual of wages at end of year 3 Closing 4 ...View the full answer
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