Portions of the salaries expense account of a business are shown below. a. Indicate the nature of
Question:
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 Dr. Cr. Dr. Cr. 2007 Dec. 26 31 31 29 30 31 30,000 10,000 1,500,000 1,510,000 1,510,000 2008 Jan. 1 32 10,000 10,000 30,000 20,000
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a 1 Payment last payday in year 2 Adjusting accrual of wages at end of year 3 Closing 4 R...View the full answer
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Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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