confusionsucks
Oct 26, 2011, 06:12 PM
Trial Balance for November 30, 2011
UNADJUSTED: Salaries Expense 12,875
Salaries Payable 0
Adjusted: Salaries Expense 14,350
Salaries Payable 1,475
Question being: Determine the balance in Salaries Payable on Nov. 30, 2010. The company paid $15,250 in salaries in 2011.
I understand that it would be the difference between $15,250 and salaries payable (from Nov. 30, 2011 trial balance) But would I difference it from the Adjusted amount or the Unadjusted amount?
Please help.
UNADJUSTED: Salaries Expense 12,875
Salaries Payable 0
Adjusted: Salaries Expense 14,350
Salaries Payable 1,475
Question being: Determine the balance in Salaries Payable on Nov. 30, 2010. The company paid $15,250 in salaries in 2011.
I understand that it would be the difference between $15,250 and salaries payable (from Nov. 30, 2011 trial balance) But would I difference it from the Adjusted amount or the Unadjusted amount?
Please help.