Solution-Expense account balance after the entry is posted

Expense account balance after the entry is posted

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Reference no: EM131137352

At December 31, accrued salaries payable totaled $3,500. On January 10, total salaries of $8,000 are paid.

(a) Assume that reversing entries are made at January 1. Give the January 10 entry, and indicate the Salaries

Expense account balance after the entry is posted.

(b) Repeat part (a) assuming reversing entries are not made.

Reference no: EM131137352

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Expense account balance after the entry is posted

Reference no: EM131137352

Reference no: EM131137352

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