Chapter 4 Salaries Payable - Chapter4 AccruedExpenses...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Accrued Expenses Salaries Payable $500 500 500 500 $500 $500 $500 Sun. Mon. Tues. Wed Thurs. Fri. Sat. Dec. 27 Dec. 28 Dec. 29 Dec. 30 Dec. 31 Jan. 1 Jan. 2 Entry to record  Accrued Salaries Date DR. CR. 12/31/09 Salary Expense $2,500      Salaries Payable $2,500 To record Salaries payable from Dec. 27 – Dec. 31 Then entry to  record normal Payroll Date DR. CR. 1/3/10 Salaries Payable $2,500 Salary Expense 1,000      Cash $3,500 To record salaries paid from Dec. 27 – Jan. 2 Notice that $2,500 was expensed in 2009, and $1,000  was expensed in 2010 .
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Recording Salaries Payable Using Reversing Entry $500 500 500 500 $500 $500 $500 Sun Mon Tues Wed Thurs Fri Sat Dec. 27 Dec. 28
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern