Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company recorded 2 days of accrued salaries of $1,650 for its employees on January 31. On February 9, it paid its employees $7,500 for

image text in transcribed
image text in transcribed
A company recorded 2 days of accrued salaries of $1,650 for its employees on January 31. On February 9, it paid its employees $7,500 for these accrued salaries and for other salaries earned through February 9. Assuming the company does not prepare reversing entries, the January 31 and February 9 journal entries are: Multiple Choice 1/31 1,650 Salaries Expense Salaries Payable 1.650 2/9 Salaries Payable Salaries Expense Cash 5,850 1,650 7,500 1/31 1,650 Salaries Payable Salaries Expense 1,650 2/9 Salaries Expense Salaries Payable Cash 5,850 1,650 7,500 1/31 1,650 Salaries Expense Cash 1,650 2/9 7,500 Salaries Expense Cash 7,500 1/31 1,650 Salaries Expense Salaries Payable 1,650 2/9 7,500 Salaries Expense Cash 7,500 1,650 1/31 Salaries Expense Salaries Payable 1,650 2/9 Salaries Expense Salaries Payable Cash 5,850 1,650 7,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago