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-   -   Journalizing adjusting entries (https://www.askmehelpdesk.com/showthread.php?t=394628)

  • Sep 8, 2009, 03:51 PM
    shajuantaylor
    Journalizing adjusting entries
    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
  • Sep 9, 2009, 08:47 AM
    pready

    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.

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