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Silicon Chip Company's fiscal year-end is December 31. At the end of 2021, it owed employees $32,000 in salaries that will be paid on January
Silicon Chip Company's fiscal year-end is December 31. At the end of 2021, it owed employees $32,000 in salaries that will be paid on January 7, 2022 Required: 1. Prepare an adjusting entry to record accrued salaries, a reversing entry on January 1, 2022, and an entry to record the payment of salaries on January 7, 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the accrued salaries as of December 31. Note: Enter debits before credits General Journal Debit Credit Date December 31, 2021 ew transaction list Vott :X: Record the accrued salaries as of December 31. e Record the reversing entry on January 1. 3 Record the payment of salaries on January 7. Debit Credit Note : journal entry has been entered Record entry Clear entry View general journal Journal entry worksheet Record the accrued salaries as of December 31. Note: Enter debits before credits Date General Journal Debit Credit December 31, 2021 Record entry Clear entry View general Journal
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