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Posted on Sep 01, 2024

On December 31, 2019, $700 of salaries has been accrued. (Salaries before accrued amount totaled $29,000.) The next payroll to be paid will be on

On December 31, 2019, $700 of salaries has been accrued. (Salaries before accrued amount totaled $29,000.) The next payroll to be paid will be on February 3,2020, for $7,500. Do the following a. Jounalize and post the adjusting entry (use T accounts). c. Journalize and post the paryment of the payrol Cash has a balance of $16,000 before the payment of payroll on February 3, 2020 (Record debits first, then credits, Exclude explanations from journal entries.) a. Jounalize the adjusting entry Journal Entry Date Accounts PR Cr. 31 Dec. Post the adjusting entry on December 31, 2019.(If a box is not used in the T account, leave the box empty, do not select a posting reference or enter a zero.) Cash Salaries Payable Salaries Expense Bal. 29,000 reversing entry on January b. Jounalize the reversing entry on January 1 Journal iE PR Dr. Cr, Date Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 8 On December 31, 2019, 5700 of salaries has been accrued. (Salaries before accrued amount totaled $29,000.) The next payrol to be paid will e on February 3, 2020, for $7,500 Do the following a. Jounalize and post the adjusting entry (use T accounts) b. Journalize and post the reversing entry on January 1 c Jounalize and post the payment of the payroll. Cash has a balance of $16,000 before the payment of payroll on February 3, 2020 (Record debits first, then credits. Exclude explanations from journal entries.) b. Joumalize the reversing entry on January1 Journal Entry Date Accounts PR Dr. Cr. e. Joumaize the payment of the payroll. Journal Entry Date Accounts PRI Cr, Dr. Feb. Now post (b) the revensing entry and (c) the payment of peyroll duning 2020. (Select the "Bat label and enter the beginning balance of Salaries Payable after posting the adjustment in Requirement a. on the adjustments on the second line. If a box is not used in the T account, leave the box empty, do not select a posting reference or enter a zero) Cash Salaries Payable Salaries Expense Choose from any list or enter any number in the input fields and then continue to the next question MacBook Pro 20 Now post (b) the reversing entry and (c) the payment of payroll during 2020. (Select the "Bal." label and enter the beginning balance o adjustments on the second line. If a box is not used in the T account, leave the box empty, do not select a posting reference or enter a Cash Salaries Payable Salaries Expense Bal. 16,000 Bal. C (b) om any list or enter any number in the input fields and then continue to the next question. MacBook Pro esc F3 F2 F T 5 4 3 2 On December 31, 2019, $700 of salaries has been accrued. (Salaries before ac a. Journalize and post the adjusting entry (use T accounts). b. Jounalize and post the reversing entry on January 1 c. Journalize and post the payment of the payroll. Cash has a balance of $16,00 Record debits first, then credits. Exclude explanations from journal entries.) a. Journalize the adjusting entry Journal Entry Date Accounts PR Dr. Dec. 31 Cash Income Summary Merchandise Inventory Post the adjustin Salaries Expense used in the T accoun Ca Salaries Payable Bal b. Journalize the reversing entry on January 1. Journal Entry Date Accounts PR Dr. Jan. y (b) Choose from any list or enter any number in the input fields and then continue to th