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Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
النسخة 17الرقم المعياري الدولي: 978-0078025778 تمرين 55
Accruing Unpaid Salaries
Milford Corporation pays its employees on the fifteenth of each month. Accrued, but unpaid, salaries on December 31, 2015, totaled $175,000. Salaries earned by Milford's employees from January 1 through January 15, 2016, totaled $180,000.
a. Prepare the necessary adjusting entry for salaries expense on December 31, 2015.
b. Record the company's payment of salaries on January 15, 2016.
Milford Corporation pays its employees on the fifteenth of each month. Accrued, but unpaid, salaries on December 31, 2015, totaled $175,000. Salaries earned by Milford's employees from January 1 through January 15, 2016, totaled $180,000.
a. Prepare the necessary adjusting entry for salaries expense on December 31, 2015.
b. Record the company's payment of salaries on January 15, 2016.
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Adjusting entries are passed to adjust a...
Financial & Managerial Accounting 17th Edition by Jan Williams ,Susan Haka,Mark Bettner,Joseph Carcello
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