I am stuck on this question, i think i just need record the hair stylist being paid in cash as a salries expense. i do not understand the part that says "do not forget the portion of salaries were recorded as an expense at the end of january" can someone please help me. Salaries Expense501PostBalanceDateItemRef.Dr.Cr.Dr.Cr.1 $1 $$4$1/19/2020750.00750.00313,750.004,650.003,000.0031 ADJUSTING JOURNAL ENTRY1 $900.002$1/31/2020 CLOSING ENTRY1$4,650.002/1/20201 $5,400.00 Paid the hair stylist cash of $1,210. *Do not forget that a portion of the hair stylist"salaries were recorded as an expense at the end of January.4

On January 31, Adjusting entry for accrued salaries is recorded $900 by debiting the salaries…

Post Balance Date Item Ref. Dr. Cr. Dr. Cr. 1 $ 1 $ 1 $ 1/19/2020 750.00 2$ 2$ 2$ 4,650.00 750.00 3,000.00 900.00 $ 31 3,750.00 31 ADJUSTING JOURNAL ENTRY 4,650.00 1/31/2020 CLOSING ENTRY 1 2/1/2020 1 $ 5,400.00 Tol

Post Balance Date Item Ref. Dr. Cr. Dr. Cr. 1 $ 1 $ 1 $ 1/19/2020 750.00 2$ 2$ 2$ 4,650.00 750.00 3,000.00 900.00 $ 31 3,750.00 31 ADJUSTING JOURNAL ENTRY 4,650.00 1/31/2020 CLOSING ENTRY 1 2/1/2020 1 $ 5,400.00 Tol

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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