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3 years ago

Record the necessary entries in the Journal Entry Worksheet below

Business

1 answer:

Snezhnost [94]3 years ago

5 0

Explanation:

The journal entries are shown below:

1. Salaries expense A/c Dr $1,200 ($400 × 3 days)

To Salary payable A/c Dr $1,200

(Being the accrued salary is recorded)

The 3 days are calculated from December 28 to December 31

2. Salaries expense A/c Dr $4,400 ($400 × 11 days)

Salary payable A/c Dr $1,200

To Cash A/c $5,600

(Being the payment is recorded)

3. Now the adjusted balance of Salaries Payable is

= Salaries Payable before adjustment in 2015 + Adjusted balance

= $0 + $1,200

= $1,200

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Timeline

<--//---------------//-------------------------//-->

Issuance adjusting entry maturity

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