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View Full Version : Journalizing Transactions.


Jgreeny220
Oct 11, 2008, 11:23 AM
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
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..