Homework Help: xacc 280

Posted by Sally on Saturday, July 31, 2010 at 10:40pm.

At October 31, Nathan Company made an accrued expense adjusting entry of $1,400

for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries

Payable and Salaries Expense after posting the reversing entry.

can someone tell me if this is the correct answer??

Nov. 1 Salaries Payable 1,400
Salaries Expense 1,400

The balances after posting the reversing entry are Salaries Expense (Cr.) $1,400 and Salaries Payable $0.

xacc 280 - SraJMcGin, Sunday, August 1, 2010 at 2:59am
See if any of the tutorials will assist you:

http://search.yahoo.com/search?fr=mcafee&p=accounting+tutorials

Sra
xacc 280 - Dan, Tuesday, October 18, 2011 at 7:29pm
Post one or two new concepts you learned from each of the PhxKlips
xacc 280 - Anonymous, Monday, January 14, 2013 at 8:36am
Complete E4-4 on p. 177

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