Please advise on journal entries/ t accounts for the below journal transaction affecting cash, salary expense and salary payable? $23,000 in cash was paid during the year for salaries to employees, and the ending balance in salaries payable on Dec. 31, 2020 was $2,000.
Please advise on journal entries/ t accounts for the below journal transaction affecting cash, salary expense and salary payable? $23,000 in cash was paid during the year for salaries to employees, and the ending balance in salaries payable on Dec. 31, 2020 was $2,000.
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter10: Payroll Register (pr)
Section: Chapter Questions
Problem 6R: In the space provided below, prepare the journal entry to record the November payroll for all...
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$23,000 in cash was paid during the year for salaries to employees, and the ending balance in salaries payable on Dec. 31, 2020 was $2,000.
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