At December 31, 2024, Oriole Company made an accrued expense adjusting entry of $1,200 for salaries. On January 4, 2025, it paid salaries of $4,700: $1,200 for December salaries and $3,500 for January salaries. (a) 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 Ofor the amounts. List all debit entries before credit entries.) Date Account Titles Dec 31 To accrue salaries at year end) Debit Credit

At December 31, 2024, Oriole Company made an accrued expense adjusting entry of $1,200 for salaries. On January 4, 2025, it paid salaries of $4,700: $1,200 for December salaries and $3,500 for January salaries. (a) 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 Ofor the amounts. List all debit entries before credit entries.) Date Account Titles Dec 31 To accrue salaries at year end) Debit Credit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter22: Accounting For Changes And Errors.

Section: Chapter Questions

Problem 8RE: At the end of 2019, Framber Company received 8,000 as a prepayment for renting a building to a...

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