Question: a. On January 1, 2013, prepare a reversing entry. On January 8, 2013, journalize the entry to record the payment of salary expense, $900. b.

a. On January 1, 2013, prepare a reversing entry. On January 8, 2013, journalize the entry to record the payment of salary expense, $900.
b. What will be the balance in Salary Expense on January 8 (after posting)?

December 31, 2012 Salary Expense Accrued Salaries 900 1,200 closing 300 Adj. Adj. 300

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