Question
At 30th June, accrued salaries payable totalled $3,500. On 8th July, total salaries of $8,000 are paid. Assume that reversing entries are made at 1st
At 30th June, accrued salaries payable totalled $3,500. On 8th July, total salaries of $8,000 are paid. Assume that reversing entries are made at 1st July.
(a) Write the journal entry for 8th July.
(b) Indicate the Salaries Expense account balance after the entry is posted.
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Auditing And Assurance Services
Authors: Alvin A. Arens . Randal J. Elder . Mark S. Beasley
18th Global Edition
1292448989, 978-1292448985
