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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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.

Transcribed Image Text:Salaries Expense
501
Post
Balance
Date
Item
Ref.
Dr.
Cr.
Dr.
Cr.
1 $
1 $
$4
$
1/19/2020
750.00
750.00
31
3,750.00
4,650.00
3,000.00
31 ADJUSTING JOURNAL ENTRY
1 $
900.00
2$
1/31/2020 CLOSING ENTRY
1
$
4,650.00
2/1/2020
1 $
5,400.00

Transcribed Image Text: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
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education