Answered: Salaries for the year earned by…

Salaries for the year earned by employees but not paid to them or recorded are $3,500. Record the adjusting entry for salaries at its year-end of December 31.

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

Chapter9: Current Liabilities And Contingent Obligations

Section: Chapter Questions

Problem 5RE

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Salaries for the year earned by employees but not paid to them or recorded are $3,500. Record the adjusting
entry for salaries at its year-end of December 31.

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