Portions of the salaries expense account of a business follow: a. Indicate the nature of the entry
Question:
a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
b. Journalize the complete entry from which each numbered posting was made. Close revenues and expenses to J. McHenry, Capital.
Transcribed Image Text:
Account Salaries Expense Account No. 62 Balance Post. Date Item Ref Dr Cr. 2018 Dec. 27 (1) 31 (2) 31 (3) 29 22,000 30 13,200 31 1,200,000 1,213,200 ,213,200 2019 Jan. 1 32 13,200 13,200 2 (5) 24,000 10,800
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Related Book For
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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