Question
The balance in the salaries expense account before adjustment on December 31, 2007 is $52,000. The amount of accrued salaries for December 30 and 31
The balance in the salaries expense account before adjustment on December 31, 2007 is $52,000. The amount of accrued salaries for December 30 and 31 are $500. What account should be debited in the journal (1) and for what amount to record the adjusting entry for accrued salaries based on this information?
| Answers: | A) $60,000 |
| B) $90,000 | |
| C) $100,000 | |
| D) 160,000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Working Papers Chapters 1 14 For Warren Jones Tayler S Financial And Managerial Accounting
Authors: Carl S. Warren ,Jefferson P. Jones ,William Tayler
16th Edition
0357714113, 978-0357714119
