| need a adjusting entry
(a) Employees, who are paid $7,500 every two weeks, have earned $5,250 since the last payment. The next payment of $7,500 will be on January 4.
(b) Leeward rents office space to a tenant who has paid only $450 of the $1,125 rent for December. On January 12, the tenant will pay the remainder along with the rent for January.
enteries had to be dec 31.
My answer was
1. salaries expense 5250
salaries payable 5250
2. account receivable 675
rent receivable 675
i dont know if they are wrong or right.anyone help me .i would be thankful to u.
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