Question: Knowledge Check 01 Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2

Knowledge Check 01 Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. On December 5, the employees are paid for five days. Record the journal entry on December 5 assuming that reversing entries ARE NOT used by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns Answer is complete but not entirely correct. No General Journal Credit Date 12/05 1 Salaries expense Salaries payable Cash Debit 650 260 X 910 X Knowledge Check 01 Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. On December 5, the employees are paid for five days. Record the journal entry on December 5 assuming that reversing entries ARE used by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns. Answer is not complete. No Date General Journal Credit 1 12/05 Salaries expense Salarios payable Cash Debit 390 X 260 650
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