Portions of the salaries expense account of a business follow:Account Salaries ExpenseAccount No. 62BalancePost.Ref.DateItemDr.Cr.Dr.Cr.2018Dec.27(1)2922,0001,200,0001,213,200(2)13,20031301,213,200(3)31312019Jan. 1(4)3213,20013,200(5)3310,800224,000a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from whicheach numbered posting was made.b. Journalize the complete entry from which each numbered posting was made. Closerevenues and expenses to J. McHenry, Capital.

(a)Indicate the nature of the entry from which each numbered posting was made.

Answered: Portions of the salaries expense…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 14.3E

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Compu//te General Ledger: Account: Salaries Expense
Subject - account Please help me. Thankyou.
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