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-   -   Journal Entry (https://www.askmehelpdesk.com/showthread.php?t=90850)

  • May 9, 2007, 10:39 AM
    SMBWC
    Journal Entry
    I have a Trial Balance for the 11 Months Ending 9/30/07 on one page, and on that trial balance Salries Payable has a credit ending balance of 18,610. Now I was given October Transactions and I have to Journalize them.
    On 10/01 The Company paid accrued salaries for the second half of September.
    What accounts are debited and credited, and how much?
  • May 9, 2007, 06:39 PM
    CaptainForest
    Debit Salaries Payable (something you would have set up at year end Sept).
    Credit Cash

    How much? How much was in the account?

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