Question
On January 31 of this year, Gallery Corp. recorded 2 days of accrued salaries ($140) for its employees. On February 13, the company paid its
On January 31 of this year, Gallery Corp. recorded 2 days of accrued salaries ($140) for its employees. On February 13, the company paid its employees a total of $700. The correct journal entries at January 31 and February 13 are
Multiple Choice
- Jan 9 Salaries Expense140Salaries Payable140Feb 13 Salaries Payable700Salaries Expense140Cash700
- Jan 9 Salaries Expense140Salaries Payable140Feb 13 Salaries Expense560Salaries Payable140Cash700
- Jan 9 Salaries Expense140Salaries Payable140Feb 13 Salaries Expense700Cash700
- Jan 9 Salaries Expense140Cash140Feb 13 Salaries Expense700Cash700
- Jan 9 Salaries Payable140Salaries Expense140Feb 13 Salaries Expense560Salaries Payable140Cash700
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Managerial Accounting For Dummies
Authors: Mark P Holtzman, Karen Schoenebeck
1st Edition
1118116429, 978-1118116425
