At December 31, 2024, Oriole Company made an accrued expense adjusting entry of $1,200 for salaries. On January 4, 2025, it paid salaries of $4,700: $1,200 for December salaries and $3,500 for January salaries. (a) Prepare the December 31 adjusting entry. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.) Date Account Titles Dec 31 To accrue salaries at year end) Debit Credit

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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At December 31, 2024, Oriole Company made an accrued expense adjusting entry of $1,200 for salaries. On January 4, 2025, it
paid salaries of $4,700: $1,200 for December salaries and $3,500 for January salaries.
(a)
Prepare the December 31 adjusting entry. (Credit account titles are automatically Indented when amount is entered. Do not
Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries
before credit entries.)
Date Account Titles
Dec 31
To accrue salaries at year end)
Debit
Credit
Transcribed Image Text:At December 31, 2024, Oriole Company made an accrued expense adjusting entry of $1,200 for salaries. On January 4, 2025, it paid salaries of $4,700: $1,200 for December salaries and $3,500 for January salaries. (a) Prepare the December 31 adjusting entry. (Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts. List all debit entries before credit entries.) Date Account Titles Dec 31 To accrue salaries at year end) Debit Credit
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