Question
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 Oa a debit to Retained Earnings $56,000 Oba credit to Unearned Compensation $56.000 Oe a credit to Salaries Payable $56,000 O da debit to Sales Salaries Expense $56,000 Oe a credit to Retained Eamings $56,000
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Accounting for Governmental and Nonprofit Entities
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
16th Edition
78110939, 978-0078110931
