Selected September T accounts for Kalgan Company follow. 1. In which of the accounts would a reversing
Question:
1. In which of the accounts would a reversing entry be helpful? Why?
2. Prepare the appropriate reversing entry.
3. Prepare the journal entry to record a payment on October 25 for wages totaling $6,280. How much of this amount represents wages expense forOctober?
Transcribed Image Text:
Supplies Supplies Expense Dr. Dr. Cr. Cr. 1,720 9/30 Adj 2,560 9/30 Closing 2,560 9/1 Bal. .2,5609/30 Adj Bal. 1,040 Bal. Wages Payable Wages Expense Dr. Cr. Dr 9/30 Adj. 1,280 Sept. wages 7,880 9/30 Closing 9,160 9/30 Adj1 Bal 1,280 1,280
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Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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