loader  Loading... Please wait...

Question(s) / Instruction(s):

A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31. On February 9, it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9. The January 31 and February 9 journal entries are:

(a)    1/31      Salaries Expense……………………………………….. 1,400

                Salaries Payable……………………………..                         1,400

                2/9        Salaries Expense………………………………............7,000

                                Salaries Expense………………………………………… 1,400

                                                Cash……………………………………………….                         7,000

(b)   1/31    Salaries Payable………………………………………….. 1,400        

Salaries Expense…………………………….                        1,400

                2/9    Salaries Expense……………………………………………. 5,600

                          Salaries Payable………………………………………………1,400

                                                Cash……………………………………………….                         7,000

(c)       1/31    Salaries Expense…………………………………………1, 400

                                                Cash……………………………………………….                         1,400

                2/9 Salaries Expense………………………………………………7000

                                                Cash……………………………………………….                         7,000

(d)

       1/31 Salaries Expense……………………………………………….…1,400

                             Salaries Payable………………………………………………. 1,400        

         2/9 Salaries Expense…………………………………………………..5,600

                Salaries Payable……………………………………………………..1,400        

                                                Cash…………………………………………………………………..7,000

Find Similar Answers by Subject


Student Reviews

Rate and review your solution! (Please rate on a Scale of 1 - 5. Top Rating is 5.)


Expert's Answer
Download Solution:
$1.79

This solution includes:

  • Plain text
  • Cited sources when necessary
  • Attached file(s)
  • Solution Document(s)



Reach Us

408-538-8534

20-3582-4059

39-008-4233

+1-408-904-6494