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deejay tury
Feb 24, 2007, 02:36 PM
My question is how do I adjust these balances :

1) earned but unbilled revenue at march 31 was $600

2) accrued but unpaid employee salaries were $830

What should I debit and what should I credit?

Account titles are : cash, accounts , accounts payable, salaries payable, service revenue, salaries expense, accountes recievable

CaptainForest
Feb 24, 2007, 05:34 PM
1) earned but unbilled revenue at march 31 was $600
Dr. AR 600
Cr. Service Revenue 600


2) accrued but unpaid employee salaries were $830
Dr. Salaries Expense 830
Cr. Salaries Payable 830