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View Full Version : Determine balance in Salaries payable on Nov.30,2010.company paid $15,250 in 2011


Roblea123
Oct 7, 2010, 06:31 PM
Trial balance November 30, 2011
UNADJUSTED
Salaries expense 12,875
Salaries payable 0
ADJUSTED
Salaries expense 14350
Salaries payable 1475

Total unadjusted balance:146,350
Total adjusted balance: 155, 150

I can't figure out how to determine the balance in Salaries apyable for a previous year when I am only given the current year salaries of $15250. Please help!

Roblea123
Oct 7, 2010, 07:18 PM
Okay so I saw from a previous post with the same question that the salaries payable beginning balance is $2375. Would that then be the amount as of November 30 of the previous year? Or is there one more step? I just feel I'm missing something.

pready
Oct 8, 2010, 11:48 AM
The $2375 is the beginning balance for the 2011. The beginning balance is also the ending balance for Nov 30, 2010.

Please see my previous answer on the same post dated 4 Oct, 2010.