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Problem Set 11 Course Outline #2 and 4 Page 3 of 19 On December 31, 2020, Doja Cat Supplies determined that owed its employees $108,430

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Problem Set 11 Course Outline #2 and 4 Page 3 of 19 On December 31, 2020, Doja Cat Supplies determined that owed its employees $108,430 for their services used during December 2020 that will be paid in January 2021 Prepare the necessary adjustment for the salaries due at December 31, 2020 in general journal form. Post the adjusting entry to the relevant T-accounts on the following page and compute their balances at December 31, 2020 after adjustment. (2 points points for posting/balance) DATE ACCOUNT NAMES DEBIT CREDIT Salaries Payable Salaries Exoense 131,890 12/31 2019 1/1 -O- d. Indicate the items and their amounts that Doja Cat Supplies reported relative to salaries in its 2020 GAAP financial statements. (Ignore cash.) (4 points) Amount Income Statement for the year ended December 31, 2020: Amount Balance Sheet at December 31, 2020

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