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    SMBWC's Avatar
    SMBWC Posts: 1, Reputation: 1
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    #1

    May 9, 2007, 10:39 AM
    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?
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    May 9, 2007, 06:39 PM
    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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