{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Warren SM_AppB_Vol.2_final - APPENDIX B REVERSING ENTRIES...

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

View Full Document Right Arrow Icon
APPENDIX B REVERSING ENTRIES Ex. B–1 a. (1) Sales Salaries Expense .............................................. 10,425 Salaries Payable ..................................................... 10,425 Accrued salaries ($3,475 × 3). (2) Accounts Receivable .................................................. 19,850 Fees Earned ............................................................ 19,850 Accrued fees earned. b. (1) Salaries Payable .......................................................... 10,425 Sales Salaries Expense ......................................... 10,425 Reversing entry. (2) Fees Earned ................................................................. 19,850 Accounts Receivable ............................................ 19,850 Reversing entry. Ex. B–2 a. (1) Wages Expense ........................................................... 5,180 Wages Payable ....................................................... 5,180 Accrued wages ($25,900/5). (2) Accounts Receivable .................................................. 36,100 Fees Earned ............................................................ 36,100 Accrued fees earned. b. (1) Wages Payable ............................................................ 5,180 Wages Expense ..................................................... 5,180 Reversing entry. (2) Fees Earned ................................................................. 36,100 Accounts Receivable ............................................ 36,100 Reversing entry. 201 201
Background image of page 1

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

View Full Document Right Arrow Icon
Ex. B–3 a. (1) Payment (last payday in year) (2) Adjusting (accrual of wages at end of year) (3) Closing (4) Reversing (5) Payment (first payday in following year) b. (1) Wages Expense ........................................................... 27,000 Cash ........................................................................ 27,000 (2) Wages Expense ...........................................................
Background image of page 2
Background image of page 3

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

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

{[ snackBarMessage ]}