Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Finance & Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=411)
-   -   Balance sheets to income statements (https://www.askmehelpdesk.com/showthread.php?t=345875)

  • Apr 25, 2009, 07:54 AM
    nanashelper
    Balance sheets to income statements
    If I was working during the last two weeks of December, but received my pay on January 3. using the matching principle which accounts would appear on the balance sheet for and which would appear on the income statement for the year ended December 31?
  • Apr 27, 2009, 05:17 PM
    pready

    Salaries Paybale and Salries Expense are your two accounts. This will be an adjusting entry. Adjusting entry affects one Balance sheet account and one Income Statement account.

  • All times are GMT -7. The time now is 07:05 PM.