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    shajuantaylor's Avatar
    shajuantaylor Posts: 4, Reputation: 1
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    #1

    Sep 8, 2009, 03:51 PM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Sep 9, 2009, 08:47 AM

    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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