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    deejay tury's Avatar
    deejay tury Posts: 4, Reputation: 1
    New Member
    		  
    #1

    Feb 24, 2007, 02:36 PM
    Adjusted trial balance
    My question is how do I adjust these balances :

    1) earned but unbilled revenue at march 31 was $600

    2) accrued but unpaid employee salaries were $830

    What should I debit and what should I credit?

    Account titles are : cash, accounts , accounts payable, salaries payable, service revenue, salaries expense, accountes recievable
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    Feb 24, 2007, 05:34 PM
    Quote Originally Posted by deejay tury
    1) earned but unbilled revenue at march 31 was $600
    Dr. AR 600
    Cr. Service Revenue 600

    Quote Originally Posted by deejay tury
    2) accrued but unpaid employee salaries were $830
    Dr. Salaries Expense 830
    Cr. Salaries Payable 830
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