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    jedik's Avatar
    jedik Posts: 8, Reputation: 1
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    #1

    Sep 19, 2012, 02:32 AM
    Adjusting Entries
    Salary of a casual employee in the amount of 4,000 has been incurred as of Dec.31, but remains unpaid.
    What is the entry?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 19, 2012, 04:58 AM
    No doubt you have heard of the concept of accrued wages
    jedik's Avatar
    jedik Posts: 8, Reputation: 1
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    #3

    Sep 19, 2012, 06:05 AM
    Yes, I don't know what account title is appropriate to use?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #4

    Sep 19, 2012, 06:46 AM
    Have you tried accrued wages? Honestly, accounting requires comprehension
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #5

    Sep 19, 2012, 10:36 AM
    How about Salaries Payable or Wages Payable?
    jedik's Avatar
    jedik Posts: 8, Reputation: 1
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    #6

    Sep 20, 2012, 02:54 AM
    Quote Originally Posted by pready View Post
    How about Salaries Payable or Wages Payable?
    Dr. Salaries Expense
    Cr. Accrued Salaries

    I am really not sure. This is my answer.
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #7

    Sep 20, 2012, 02:34 PM
    Yes you have got it
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