The accrued salary expense journal entry is a debit to Salaries Expense and a credit to Salaries
Fantastic news! We've Found the answer you've been seeking!
Question:
The accrued salary expense journal entry is a debit to Salaries Expense and a credit to Salaries Payable for $1,000 on December 31. The company chooses not to record reversing entries and pays its weekly payroll of $5,000 on January 3 of the following year. The journal entry would include a
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date: