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    Jgreeny220 Posts: 2, Reputation: 1
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    #1

    Oct 11, 2008, 11:23 AM
    Journalizing Transactions.
    I usually am pretty decent at understanding the task at hand and all that, but this one transaction had me confused and it is a one attempt assignment so I don't want to get it wrong.

    Paid $1,258 for salaries due employees, of which $604 is for November and $654 is for October salaries payable.

    I will have 3 accounts effected 2 are debits and one is credit. I'm not sure which/what ones are to be used, any info will help.

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    Jgreeny220 Posts: 2, Reputation: 1
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    #2

    Oct 11, 2008, 11:37 AM

    The thing that is throwing me off is the two debited accounts. Usually when you pay salaries it is debit salaries expense and credit cash..
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