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Flagg records adjusting entries at its December 31 year end. At December 31, employees had eamed $14,800 of unanid and unrecorded salaries. The next payday
Flagg records adjusting entries at its December 31 year end. At December 31, employees had eamed $14,800 of unanid and unrecorded salaries. The next payday is January 3, at which time $37.000 will be paid. Prepare the January Journal entry to reverse the effect of th December 31 salary expene accrual Multiple Choice Debit Salaries payable $22.200, credit Cash $22.200. Debit Salaries expense $22.200, credit Salaries payable $22,200. Debit Salaries expense $22,200, debit Salaries payable $14,800: credit Cash $37.000 Debit Solaries payable $14,800, credit Salaries expense $14,800 O Debit Salaries expense $14,800, credit Salaries payable $14,800
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