**Prior to adjustment on August 31, Salary Expense has a debit balance of $287,860. Salaries owed but not paid as of the same date total $2,140.**Journalize the entries to record the following:**a. Accrued salaries as of August 31. If an amount box does not require an entry, leave it blank.**- The entry tables below are provided with dropdown menus for selecting accounts (e.g., "Salaries Payable") and columns for entering debits and credits.**b. The effect of closing Salary Expense as of August 31. If an amount box does not require an entry, leave it blank.**- The entry tables below include dropdown menus and columns similar to those in part (a), designed for documenting the closing of the Salary Expense account as of the specified date. (Note: The image provides fields for inputting specific journal entries, with no pre-filled data or specific account labels in place.)

$2,140. on August 31, Expense has a debit balance of $20 600. Salaries ow Journalize the entries to record the following: a. Accrued salaries as of August 31. If an amount box does not require an entry, leave it blank. paid as of the same date total b. The effect of closing Salary Expense as of August 31. If an amount box does not require an entry, leave it blank.

$2,140. on August 31, Expense has a debit balance of $20 600. Salaries ow Journalize the entries to record the following: a. Accrued salaries as of August 31. If an amount box does not require an entry, leave it blank. paid as of the same date total b. The effect of closing Salary Expense as of August 31. If an amount box does not require an entry, leave it blank.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Pp.53. Subject :- Account