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year on June 30, 2019. The company financial statement items as of the end of its fiscal year is (shown below. (In SAR 6,000 12,000
year on June 30, 2019. The company financial statement items as of the end of its fiscal year is (shown below. (In SAR 6,000 12,000 2,000 3,000 4,000 25,000 3,000 16,000 Interest payable Prepaid insurance Rent Revenue Retained earnings Service Revenue Share capital - ordinary Supplies Unearned rent revenue 12,000 2,000 6,000 30,000 19,000 3,000 1,000 2,000 2,000 Accounts payable Accounts Receivable Accumulated Depreciation - Building Building Cash Depreciation expenses Dividends Insurance expense Interest expenses Retained earnings that should be on the post-closing trial balance is SAR 2,500 credit SAR 2,500 debit SAR 1,000 credit SAR 1,000 debit BETA Co. paid employees wages every Friday; last payment made on January 26, and the next payroll will be paid in February. There are three more working days in January (29-31). Employees work 5 days a week and the company pay SAR1,800 a day in wages. What will be the ending balance of salaries and wages expense if it has SAR 2000 normal ?beginning balance SAR 7,400 debit SAR 3,400 credit SAR 5,400 credit SAR 5,400 debit
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