Transaction and adjustment data for Portiski Company for the year ended September 30 is as follows:
1. September 24 (initial salary entry): $12,000 of salaries earned between September 1 and September 24 are paid.
2. September 30 (adjusting entry): Salaries earned between September 25 and September 30 are $5,000. These will be paid in the October 8 payroll.
3. October 8 (subsequent salary entry): Total salary payroll amounting to $9,000 was paid.
Instructions
Prepare two sets of journal entries as specified below. The first set of journal entries should assume that the company does not use reversing entries, and the second set should assume that reversing entries are utilized by the company.

Question

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The Answer of Transaction and adjustment data for Portiski Company for the year ended September 30 is as follows:
1. September 24 (initial salary entry): $12,000 of salaries earned between September 1 and September 24 are paid.
2. September 30 (adjusting entry): Salaries earned between September 25 and September 30 are $5,000. These will be paid in the October 8 payroll.
3. October 8 (subsequent salary entry): Total salary payroll amounting to $9,000 was paid.
Instructions
Prepare two sets of journal entries as specified below. The first set of journal entries should assume that the company does not use reversing entries, and the second set should assume that reversing entries are utilized by the company.

Transaction and Adjustment Data for Portiski Company for the Year