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prohojiy [21]
3 years ago
11

An adjusting entry was made on year-end December 31 to accrue salary expense of $2,200. Assuming the company does not prepare re

versing entries, which of the following entries would be prepared to record the $5,000 payment of salaries in January of the following year?
Business
1 answer:
-BARSIC- [3]3 years ago
7 0

Answer:

Salary expense A/c Dr $2,800

Salary payable A/c Dr $2,200

        To Cash A/c $5,000

(Being the payment of salaries is recorded)

Explanation:

The adjusting entries for recording the accrued salary expense would be

Salary Expense $2,200

   To  Salary Payable $2,200

(Being accrued salaries are adjusted)

When the payment of salaries is made for $5,000, so the journal entry would be

Salary expense A/c Dr $2,800

Salary payable A/c Dr $2,200

        To Cash A/c $5,000

(Being the payment of salaries is recorded)

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