Question

An adjusting entry was made on year-end December 31 to accrue salary expense of $1.200. Assuming the company does not prepare
0 1
Add a comment Improve this question Transcribed image text
Answer #1

Entry in January to record $3,000 if the company does not prepare reversing entries:

January:- Salary Expense $1800

Salary Payable $1200

Cash $3000

Add a comment
Answer #2

January:- Salaries Expense $1800

                Salaries Payable $1200

                     Cash $3000


source: Class test
answered by: Daniel
Add a comment
Know the answer?
Add Answer to:
An adjusting entry was made on year-end December 31 to accrue salary expense of $1.200. Assuming...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Help ASAP An adjusting entry was made on year-end December 31 to accrue salary expense of...

    Help ASAP An adjusting entry was made on year-end December 31 to accrue salary expense of $2,000 Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $4,600 payment of salarles In January of the following year? Multiple Cholce Salarie 4, 600 4,600 ● 600 Salaries Tayable 2,000 2,000

  • An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming...

    An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $7,000 payment of salaries in January of the following year? Multiple Choice 0 salaries Expens 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000 3,200 Salaries Payable Cash 3,200 3,200 Salaries Expense Salaries Payable 3,200 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000...

  • pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870...

    pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870 for salaries. On January 4 2022, it paid salaries of $3,140: $1,870 for December salaries and $1,270 for January salaries. port Your answer is correct. Prepare the December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account...

  • At December 31, 2021. Carla Vista Company made an accrued expense adjusting entry of $1.610 for salaries

    At December 31, 2021. Carla Vista Company made an accrued expense adjusting entry of $1.610 for salaries. On January 4, 2022, it paid salaries of $2,790: $1610 for December salaries and $1,180 for January salaries.Prepare the December 31 adjusting entry.Prepare the December 31 closing entry for salaries.Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries.

  • At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries....

    At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 2022. It paid salaries of $3,140: $1,820 for December salaries and $1,320 for January salaries. Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter...

  • Assume the company does use reversing entries. Prepare the December 31 adjusting entry, the January 1...

    Assume the company does use reversing entries. Prepare the December 31 adjusting entry, the January 1 reversing entry, and the entry on Monday, January 6, when Crane pays the payroll. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Your answer is correct. Assume the company does not use reversing entries. Prepare the December 31 adjusting entry and the entry on Monday, January 6, when...

  • Silicon Chip Company's fiscal year-end is December 31. At the end of 2018, it owed employees...

    Silicon Chip Company's fiscal year-end is December 31. At the end of 2018, it owed employees $24,000 in salaries and wages that will be paid on January 7, 2019. Required: 1. Prepare an adjusting entry to record accrued salaries and wages, a reversing entry on January 1, 2019, and an entry to record the payment of salaries and wages on January 7, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account...

  • At December 31, 2021, Crane Company made an accrued expense adjusting entry of $1,800 for salaries

    At December 31, 2021, Crane Company made an accrued expense adjusting entry of $1,800 for salaries. On January 4, 2022. it paid salaries of $2,830: $1,800 for December salaries and $1,030 for January salaries. Prepare the December 31 adjusting entry. Prepare the December 31 closing entry for salaries. 

  • At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,540 for salaries

    At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,540 for salaries. On January 4, 2022, it paid salaries of $3,110: $1,540 for December salaries and $1,570 for January salaries. Prepare the December 31 adjusting entry. Prepare the December 31 closing entry for salaries.

  • At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries

    At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 2022, it paid salaries of $3,140: $1,820 for December salaries and $1,320 for January salaries.Prepare the December 31 closing entry for salaries. 

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT