Before Adjustment Salaries Expense 1,700 Given: Accrued Salaries, $225. Read the requirements Accounts Affected Category Salaries...

 

Transcribed Image Text:

Before Adjustment Salaries Expense 1,700 Given: Accrued Salaries, $225. Read the requirements Accounts Affected Category Salaries Expense Salaries Payable Expense Liability Increase/ Decrease 1475 225 Salaries Payable Salaries Expense Salaries Payable b. What will be the balance of these two accounts on the adjusted trial balance? Balance Dr. or Cr. Cr. Rules Increase Cr. Increase Cr. Salaries Expense 1.700 T-Accounts 225 Salaries Payable 225 Before Adjustment Salaries Expense 1,700 Given: Accrued Salaries, $225. Read the requirements Accounts Affected Category Salaries Expense Salaries Payable Expense Liability Increase/ Decrease 1475 225 Salaries Payable Salaries Expense Salaries Payable b. What will be the balance of these two accounts on the adjusted trial balance? Balance Dr. or Cr. Cr. Rules Increase Cr. Increase Cr. Salaries Expense 1.700 T-Accounts 225 Salaries Payable 225

Answer rating: 100% (QA)

Answer As per the Accounting Rule for ExpensesLosses and IncomesGain the rul... View the full answer