At the end of the current fiscal year, an analysis of the payroll records of Bev company showed accrued salaries of $22,200. The accrued Salaries Payable account had a balance of $32,000 at the end of the current fiscal year, which was unchanged from its balance at the end of the prior fiscal year. The books of the company have not yet been closed. What will the journal entry be?

Answer rating: 100% (QA)

To adjust the accrued salaries and reflect the correct am... View the full answer