Financial & Managerial Accounting
14th Edition
ISBN: 9781337119207
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Textbook Question
Chapter 4, Problem 4.31EX
Appendix 2
Entries posted to wages expense account
Portions of the salaries expense account of a business follow:
Account | Salaries | Expense | Account No. 62 | |||
Date | Item | Post. Ref. | Dr. | Cr. | Balance | |
Dr. | Cr. | |||||
2017 Dec. 27 | (1) | 29 | 22,000 | 1,200,000 | ||
31 | (2) | 30 | 13,200 | 1,213,200 | ||
31 | (3) | 31 | 1,213,200 | — | — | |
2018 Jan. 1 | (4) | 32 | 13,200 | 13,200 | ||
2 | (5) | 33 | 24,000 | 10,800 |
A. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
B. Journalize the complete entry from which each numbered posting was made.
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Chapter 4 Solutions
Financial & Managerial Accounting
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