Employees earned $4,300 in salaries that will be paid next month. The Salaries Expense unadjusted balance as
Question:
Employees earned $4,300 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $7,900.
Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review accounts names!
Employees earned $2,700 in salaries that will be paid next month.
Completed services that were paid for six months earlier, $3,000 and year end the office supplies on hand totaled $1,200.
The unadjusted balance of Office Supplies at Dec. 31 is $3,000 and at year end the office supplies on hand totaled $1,200.
Horngrens Accounting
ISBN: 978-0133855371
10th Canadian edition Volume 1
Authors: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo-Ann L. Johnston, Peter R. Norwood