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shajuantaylor
Sep 8, 2009, 03:51 PM
Journalize the adjusting entries on Aug31 for 3-month period June1-August 31.Salaries of $600 were unpaid at August 31. How do I adjust this entry if the Salary expense $53,000

pready
Sep 9, 2009, 08:47 AM
I assume that salaries were earned but not yet paid in the period.

The entry is Debit Salaries Expense for the amount, Credit Salaries Payable for the amount.