Provide this question solution general accounting Employees earned $3600 in salaries that will be paid nextmonth. The salary expense unadjusted balance as ofDecember 31st is $5,200. What is the adjustment type?

Step 1: Define LiabilitiesLiabilities are the amount payable to the outside parties. The liabilities…

Answered: Employees earned $3600 in salaries that…

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 17PB

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On December 31, 2020, $300 of salaries has been accrued. Total amount before accrued $27500. The next payroll to be paid on Feb 3, 2021, for the $6500. Do the following. A. Journalize and post the entry using T accounts. B. Journalize and post the reversing entry on Jan 1, 2021 C. Journalize and post the payment of the payroll. Cash has a balance of $13500 before the payment of payroll on Feb 3, 2021.
H1.

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Employees earned $3600 in salaries that will be paid next month. The salary expense unadjusted balance as of December 31st is $5,200. What is the adjustment type?