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this is all the information given On December 31, Year 1, BIG Company had accrued salaries of $10,650. Required a. Record in general journal format

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this is all the information given
On December 31, Year 1, BIG Company had accrued salaries of $10,650. Required a. Record in general journal format the adjustment required as of December 31, Year 1. (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 Record the adjusting entry for salaries payable. Notes Enter debits before credits General Journal Debit Credit Date December 31 Record entry Clear entry View general journal b. Show the effect of above adjustment in a horizontal statements model (Enter any decreases to account balances and cash outflows with a minus sign. In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for Investing activity, FA for financing activity, and NC for net change in cash. Not all cells in the "Statement of Cash Flows" column may require an Input - leave cells blank If there is no corresponding Input needed.) BIG COMPANY Horizontal Statements Model for Year 1 Liabilities Stockholders Income Statement Event Assets Salaries Payable Statement of Cash Flows Equity Retained Earnings . Revenue - Expenses - Net Income c-1. Determine the amount of net income BIG would report on the Year 1 income statement, assuming that BIG received $27,200 of cash revenue. Not income c-2. What is the amount of net cash flow from operating activities for Year 1? Net cash flow from operating activities d. What amount of salaries payable would BIG report on the December 31, Year 1, balance sheet? Salaries payable

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