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-   -   Adjusting Entries (https://www.askmehelpdesk.com/showthread.php?t=703140)

  • Sep 19, 2012, 02:32 AM
    jedik
    Adjusting Entries
    Salary of a casual employee in the amount of 4,000 has been incurred as of Dec.31, but remains unpaid.
    What is the entry?
  • Sep 19, 2012, 04:58 AM
    paraclete
    No doubt you have heard of the concept of accrued wages
  • Sep 19, 2012, 06:05 AM
    jedik
    Yes, I don't know what account title is appropriate to use?
  • Sep 19, 2012, 06:46 AM
    paraclete
    Have you tried accrued wages? Honestly, accounting requires comprehension
  • Sep 19, 2012, 10:36 AM
    pready
    How about Salaries Payable or Wages Payable?
  • Sep 20, 2012, 02:54 AM
    jedik
    Quote:

    Originally Posted by pready View Post
    How about Salaries Payable or Wages Payable?

    Dr. Salaries Expense
    Cr. Accrued Salaries

    I am really not sure. This is my answer.
  • Sep 20, 2012, 02:34 PM
    paraclete
    Yes you have got it

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