Entries posted to wages expense account Portions of the salaries expense account of a business follow: Account

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Entries posted to wages expense account Portions of the salaries expense account of a business follow:

Account Salaries Expense Account No. 62 Date Item Post.

Ref. Dr. Cr.

Balance Dr. Cr.

20Y6 Dec. 27 (1) 29 22,000 1,200,000 31 (2) 30 13,200 1,213,200 31 (3) 31 1,213,200 — —

20Y7 Jan. 1 (4) 32 13,200 13,200 2 (5) 33 24,000 10,800

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.

AppendixLO1

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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