mjacobson86
Feb 13, 2009, 03:57 PM
I need help on the journal entry for this... would it be:
dr. salaries expense 1600
Cr. Cash 1600
Or do I take into account that they were paid on the 20th?
August 20: Paid $1,600 for employee salaries (assume no payroll taxes were incurred).
dr. salaries expense 1600
Cr. Cash 1600
Or do I take into account that they were paid on the 20th?
August 20: Paid $1,600 for employee salaries (assume no payroll taxes were incurred).