alculator Prior to adjustment at August 31, Salary Expense has a debit balance of $298,500. Salaries...

 

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alculator Prior to adjustment at August 31, Salary Expense has a debit balance of $298,500. Salaries owed but not paid as of the same date total $4,200. Present the entries to record the following: 1. Accrued salaries as of August 31. If an amount box does not require an entry, leave it blank. 2. The effect of closing of Salary Expense as of August 31. If an amount box does not require an entry, leave it blank. alculator Prior to adjustment at August 31, Salary Expense has a debit balance of $298,500. Salaries owed but not paid as of the same date total $4,200. Present the entries to record the following: 1. Accrued salaries as of August 31. If an amount box does not require an entry, leave it blank. 2. The effect of closing of Salary Expense as of August 31. If an amount box does not require an entry, leave it blank.

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Accrued salary entry Salary Expense Account Dr 4200 Salary expense o... View the full answer