Pelican Company made a December 31 adjusting entry to debit Salaries Expense and credit Salaries Payable for

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Pelican Company made a December 31 adjusting entry to debit Salaries Expense and credit Salaries Payable for $3,600. On January 2, Pelican paid the weekly payroll of $6,000. Prepare Pelican’s

(a) January 1 reversing entry;

(b) January 2 entry (assuming the reversing entry was prepared); and

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Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Question Posted: Dec 10, 2010 04:46 AM

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Pelican Company made a December 31 adjusting entry to debit Salaries Expense and credit Salaries Payable for

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a Salaries Payable 3600 Salaries Expense 3...View the full answer

Intermediate Accounting

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