Question 3 of 8 -11 E View Policies Current Attempt in Progress At October 31, Sheridan Company made an accrued expense adjusting entry of $2,550 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries and Wages Payable and Salaries and Wages Expense after posting the reversing entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Nov. 1 Balances in Salaries and Wages Expense $ Balances in Salaries and Wages Payable