Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 4 - Accrual Accounting Concepts - Questions: 18

Answer

The entry to record the payment will be as follows: Debit Credit Salary Payable 1,100; Salary Expense 4,900; Cash 6,000

Work Step by Step

Salary paid for December and January as per details attached
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