Question
The following are the salaries expense information for Pioneer Advertising Inc. 1. October 26, 2018 Pioneer pays $5,000 of salaries and wages earned between October
The following are the salaries expense information for Pioneer Advertising Inc.
1. October 26, 2018 Pioneer pays $5,000 of salaries and wages earned between October 15 and October 26.
2. October 31, 2018 Salaries and wages earned between October 29 and October 31 are $2,200. The company will pay these expenses in the November payroll.
3. November 9, 2018 Salaries and wages paid are $5,000. Of this amount, $2,200 have been applied to accrued salaries and wages payable and $2,800 was earned between November 1 and November 9.
Required: Prepare the reversing entry
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