Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries

image text in transcribed
image text in transcribed
Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. On December 5, the employees are paid for five days. Record the journal entry on December 5 assuming that reversing entries ARE used by selecting the account names from the pull- down menus and entering dollar amounts in the debit and credit columns. Journal entry worksheet Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. Note: Enter debits before credits. General Journal Debit Credit Date 12/05 Record entry Clear entry View general Journal Answer is not complete. General Journal Debit Credit 260 X Salaries expense Salaries payable Cash x 390 X 650 Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. On December 5, the employees are paid for five days. Record the journal entry on December 5 assuming that reversing entries ARE used by selecting the account names from the pull- down menus and entering dollar amounts in the debit and credit columns. Journal entry worksheet Assume that an adjusting entry was made on November 30, 2018 for earned, but unpaid employee salaries of $260 which represented 2 days of salaries earned for November 29-30. Note: Enter debits before credits. General Journal Debit Credit Date 12/05 Record entry Clear entry View general Journal Answer is not complete. General Journal Debit Credit 260 X Salaries expense Salaries payable Cash x 390 X 650

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

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

Recommended Textbook for

CA FOUNDATION FINANCIAL ACCOUNTING BY NSHAH MODULE I

Authors: Sanjay Nanak Chand Thadhani

1st Edition

172887419X, 978-1728874197

More Books

Students also viewed these Accounting questions