Answered step by step
Verified Expert Solution
Question
1 Approved Answer
At the end of 2021, the company failed to accrue Sales Salaries of $56,000. In December of 2022, the journal entry to correct this
At the end of 2021, the company failed to accrue Sales Salaries of $56,000. In December of 2022, the journal entry to correct this prior year error would include... O a. a debit to Sales Salaries Expense $56,000 Ob. a debit to Retained Earnings $56,000 Oc. a credit to Retained Earnings $56,000 Od. a credit to Unearned Compensation $56,000 Oe. a credit to Salaries Payable $56,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started