At December 31 2021 Sandhill Company Made An Accrued Expense Adjusting Entry Of 1 820 For Salaries On January 4 202 1 (7.39 KiB) Viewed 11 times
At December 31 2021 Sandhill Company Made An Accrued Expense Adjusting Entry Of 1 820 For Salaries On January 4 202 2 (32.62 KiB) Viewed 11 times
At December 31, 2021, Sandhill 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.
Indicate the balances in Salaries Payable and Salaries Expense after posting these entries. Date Explanation Ref Dec 31 Accrual 31 Closing entry Jan. Reversing 1 entry 4 Payment of salary Date Explanation Ref Dec. 31 Accrual Jan. Reversing 1 entry Debit Debit Salaries Expense Credit Salaries Payable Credit Balance Balance
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