Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer fast i will upvote Question 42 14 points) At December 31, 2020, Golden Rams Company owes its employees $15,000 for salaries that will be

answer fast i will upvote image text in transcribed
Question 42 14 points) At December 31, 2020, Golden Rams Company owes its employees $15,000 for salaries that will be paid on January 02, 2021, The adjusting entry needed on December 31, 2020 is Debit--Accounts Payable, 15,000. Credit- -Salaries Payable, 15,000 Debit- -Salaries Expense, 15.000; Credit- -Salaries Payable, 15,000 Debit--Salaries Payable, 15.000; Credit- - Salaries Expense. 15,000 8 Debit. -Salaries Expense, 15,000; Credit--Cash, 15,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Social Media Audits Achieving Deep Impact Without Sacrificing The Bottom Line

Authors: Urs E Gattiker

1st Edition

1843347458, 978-1843347453

More Books

Students also viewed these Accounting questions