On January 9, a company pays $5,000 for salaries and wages of which $2,000 was reported as

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On January 9, a company pays $5,000 for salaries and wages of which $2,000 was reported as Salaries and Wages Payable on December 31. Give the entry to record the payment.

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Financial Accounting

ISBN: 9781118334324

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Feb 17, 2014 10:56 AM

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On January 9 a company pays $6,000 for salaries, of which $1,100 was reported as Salaries Payable on December 31. Give the entry to record the payment.
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On January 9, a company pays $5,000 for salaries and wages of which $2,000 was reported as

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Financial Accounting

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