At December 31, 2021, Sandhill Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 202
Posted: Tue Jul 05, 2022 11:23 am
Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 2022, it paid salaries of $3,280: $1,820 for December salaries and $1.460 for January salaries.
(b) Prepare the December 31 closing entry for salaries. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Dec. 31 (Closing entry) Debit Credit
At December 31, 2021, Sandhill (b) Prepare the December 31 closing entry for salaries. (Credit account titles are automatically indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Date Account Titles and Explanation Dec. 31 (Closing entry) Debit Credit