Question: Journalizing current liabilities Edmund O'Mally associates reported short-term notes payable and salaries payable as follows: 2014 2013 Current Liabilities --partial: Short-term notes payable $16,400 $15,600
Journalizing current liabilities
Edmund O'Mally associates reported short-term notes payable and salaries payable as follows:
| 2014 | 2013 | |
| Current Liabilities --partial: | ||
| Short-term notes payable | $16,400 | $15,600 |
| Salaries payable | 3,400 | 3,100 |
During 2014, O'MALLY paid off both current liabilities that were left over from 2013, borrowed money on short-term notes payable, and accrued salaries expense. Journalize all four of these transactions for O'Mally during 2014. Assume no interest on short-term notes payable for $15,600
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