Chapter 4, Problem 4.28E

1.

To determine

Journalizing:

Journalizing is the process of recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the amounts are posted to the relevant ledger accounts.

T-Account: T-Account is a form of ledger account in which the debit entries are shown at the left side of the account and credit entries are shown at the right side of the account.

Reversing entries: Reversing entries are made at the beginning of the accounting period when the accountant needs to cancel any entry made in the previous accounting period. It is done in order to eliminate any errors that might have occurred in the calculation of the revenue or expenses and henceforth increase the efficiency of the financial statements for an improved decision making.

To Open: T-account for Salaries Payable and Salaries Expense.

2.

To determine

To Journalize: The entries assuming the company does not use reversing entries.

3.

To determine

To Journalize: The entries assuming the company uses reversing entries.