Solved: On december 31 2010 390 of salaries has been accrued, Accounting Basics

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On december 31 2010 390 of salaries has been accrued

Question - On December 31, 2010, $390 of salaries has been accrued. The next payroll to be paid will be on February 3, 2011, for $7,800.

Required:

a. Journalize the adjusting entry.

b. Journalize the reversing entry.

c. Journalize the payment of the payroll.

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Accounting Basics: On december 31 2010 390 of salaries has been accrued

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Accounting Basics: On december 31 2010 390 of salaries has been accrued

Reference No:- TGS02624195

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