OK we are doing reversing entries in school I have no clue to I am doing so can anybody help?? Here is the question an info I was given so help please!!
*BE4-12 At October 31, Nathan Company made an accrued expense adjusting entry of $1,400
For salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries
Payable and Salaries Expense after posting the reversing entry.