Question
Cash$5,000 Accounts Receivable 20,000 Supplies 18,000 Service Revenue 72,000 Accounts Payable 6,000 Salaries Expense 45,000 Equipment 80,000 Deferred Revenue Common Stock 90,000 Retained Earnings 2,000
Cash$5,000
Accounts Receivable 20,000
Supplies 18,000
Service Revenue 72,000
Accounts Payable 6,000
Salaries Expense 45,000
Equipment 80,000
Deferred Revenue
Common Stock 90,000
Retained Earnings 2,000
Dividends 12,000
Given the above data: when you close the Salaries Expense account.
You would debit______ and you would credit______
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
3rd edition
1119372933, 978-1119372936
