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    molly111's Avatar
    molly111 Posts: 8, Reputation: 1
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    #1

    Sep 11, 2010, 07:28 PM
    Salaries Payable
    I was given a adjust trial balance for January 31, 2010 , if $3,497 salaries was paid in January, what was the balance in Salaries Payable at December 31, 2009, what was given, is Salaries Payable in January $785, Salaries Expenses $1,755, So what I did was took Salaries Paid $3,497-$785= $2,712 which is the cash then I took $2,712-$1,755 Salaries Expenses = $957. Is that correct?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Sep 11, 2010, 07:39 PM

    This one works based on the same sorts of concepts as your other ones. So how about if you go read my replies to those, and see if you can work those out before posting more of these. You may then be able to apply the techniques to the rest of them.

    And by the way, your answer contradicts the problem. $2712 can't be the cash when the problem already said $3497 was "paid" - you can only pay with cash, so that's you cash.
    molly111's Avatar
    molly111 Posts: 8, Reputation: 1
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    #3

    Sep 12, 2010, 01:03 AM
    Comment on morgaine300's post
    morgaine300 I never asked you to do the homework, I asked if I was correct, read the post before you assume things...
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