Question: What adjustment is made to record accrued salaries?

What adjustment is made to record accrued salaries?

Step by Step Solution

★★★★★

3.47 Rating (180 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Dr Salaries Expense Cr Salaries Payable This is to record salaries that has been ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

318-B-A-F-S (4550).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

What adjustment is made to record the estimated expense for uncollectible accounts?

Q:

What adjustment is made to record expired insurance?

Q:

What adjustment is made to record income earned during a period?

Q:

9. What adjustment is made to record accrued salaries?

Q:

9. What adjustment is made to record accrued salaries?

Q:

9. Which entry would be made to record accrued salaries at the end of the accounting period? A) Debit Salaries Expense, Credit Salaries Payable B) Debit Salaries Payable, Credit Salaries Expense C)...

Q:

I need help with following questions from the homework. I have attached the chapters so please see the attached files to answer the following questions specifically. Ch 4 (p 176 of text or p 34 of...

Q:

I have included the question as a word file. I also added text from the chapter in case it might help. c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS...

Q:

I've attached the questions as a word file. Thanks! c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS the navigator Scan Study Objectives Read Feature...

Q:

I've attached the question as a word file, thanks! c04AccrualAccountingConcepts.qxd 8/3/10 1:50 PM Page 162 chapter 4 ACCRUAL ACCOUNTING CONCEPTS the navigator Scan Study Objectives Read Feature...

Q:

a) What advantages do exponential smoothing have over moving average? How does the number of periads in a moving average affect the responsiveness of the forecast? How does the size of the smoothing...

Q:

Georgia Orchards produced a good crop of peaches this year. After preparing the following income statement, the company believes it should have given its No. 3 peaches to charity and saved its...

Q:

What is scholarship?

Q:

Which of the following is included in personal income but not in national income? a. Compensation for workers b. Proprietors income c. Corporate profits d. Social Security payments

Q:

Kawonza Carter is a painting contractor who specializes in painting commercial buildings. At the beginning of June, her firms financial records showed the following assets, liabilities, and owners...

Q:

Kimberly Ashley owns Ashleys Consulting Service. At the beginning of September, her firms financial records showed the following assets, liabilities, and owners equity. INSTRUCTIONS Set up an...

Q:

On July 1, Roberto Alonzo established Alonzo Commercial Appraisal Services, a firm that provides expert commercial appraisals and represents clients in commercial appraisal hearings. INSTRUCTIONS...

Q:

943. Jeremy was watching the news, and one of the stories was about the suspected malicious practises occurring in Jeremy's favourite shopping mall. When he wanted to share the news to his friend, he...

Q:

Oregon Transportation Inc. (OTI) just signed a contract to purchase light rail cars from a manufacturer in Germany or 2,500.000. The purchase was made in June with payment due six months later in...

Q:

Sachin has asked his flat mate Jason for a $450 loan to cover a portion of his rent and utility costs. Sachin proposes repaying the loan with $375 from each of his next two financial aid...