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Edmund O'Mally Associates reported short-term notes payable and salaries payable as follows: (Click the icon to view the short-term notes payable and salaries payable.) During
Edmund O'Mally Associates reported short-term notes payable and salaries payable as follows: (Click the icon to view the short-term notes payable and salaries payable.) During 2018, O'Mally paid off both current liabilities that were left over from 2017, borrowed cash on short-term notes payable, and accrued salaries expense. Journalize all four of these transactions for O'Mally during 2018. Assume no interest on short-term notes payable of $15,100. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Joumalize the payoff of the short-term noles payable from 2017. Date Accounts and Explanation 2018 Debit Credit Data Table 2018 2017 Current Liabilities-partial: Short-term Notes Payable Salaries Payable Journalize the payment of the salaries payable from 2017. Date Accounts and Explanation $ 16,300 $ 3,900 15,100 3,800 Debit Credit 2018 Print Done Journalize the borrowing of the short-term notes payable in 2018. Date Accounts and Explanation Debit Credit 2018 Joumalize the accrual of the salaries expense for 2018. Date Accounts and Explanation Debit Credit 2018 Choose from any list or enter any number in the input fields and then continue to the next
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