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-   -   Determine the balance in Salaries Payable on November 30, 2010 (https://www.askmehelpdesk.com/showthread.php?t=607119)

  • Oct 26, 2011, 06:12 PM
    confusionsucks
    Determine the balance in Salaries Payable on November 30, 2010
    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.

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