Assume that prior to the adjustments in SE8, Salaries Expense had a debit balance of $1,800 and Salaries Payable had a zero balance. Prepare a T account for each of these accounts. Enter the beginning balance. Post the adjustment for accrued salaries, the appropriate closing entry, and the reversing entry. Then, enter the transaction in the T accounts for a payment of $480 for salaries on April 3.

Below, indicated by letters, are the adjusting entries at the end of March.

Prepare the required reversing entry orentries.

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Account Name Prepaid Insurance Accumulated Depreciation-Office Equipment Salaries Expense Insurance Expense Depreciation Expense-Office Equipment Salaries Payable Debit Credit (a) 180 (b)1,050 (c) 360 (a) 180 (b)1,050 (c) 360 1,590 1,590