Abc Record adjusting journal entries for each separate casebelow for year ended December 31.Assume no other adjusting entries are made during theуear.a. Salaries Payable. At year-end, salaries expense of$21,000 has been incurred by the company, but is notyet paid to employees.b. Interest Payable. At its December 31 year-end, thecompany owes $525 of interest on a loan. That interestwill not be paid until sometime in January of the nextyear.c. Interest Payable. At its December 31 year-end, thecompany holds a mortgage payable that has incurred$1,150 in annual interest that is neither recorded norpaid. The company intends to pay the interest onJanuary 7 of the next year.View transaction listJournal entry worksheet12At year-end, salaries expense of $21,000 has been incurred by the company,but is not yet paid to employees.Note: Enter debits before credits.TransactionGeneral JournalDebitCredita.Record entryClear entryView genera Record adjusting journal entries for each separate casebelow for year ended December 31.Assume no other adjusting entries are made during theуear.a. Salaries Payable. At year-end, salaries expense of$21,000 has been incurred by the company, but is notyet paid to employees.b. Interest Payable. At its December 31 year-end, thecompany owes $525 of interest on a loan. That interestwill not be paid until sometime in January of the nextyear.c. Interest Payable. At its December 31 year-end, thecompany holds a mortgage payable that has incurred$1,150 in annual interest that is neither recorded norpaid. The company intends to pay the interest onJanuary 7 of the next year.View transaction listJournal entry worksheet23At its December 31 year-end, the company owes $525 of interest on a loan.That interest will not be paid until sometime in January of the next year.Note: Enter debits before credits.TransactionGeneral JournalDebitCreditb.Record entryClear entryView genera

Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the уear. a. Salaries Payable. At year-end, salaries expense of $21,000 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $525 of interest on a loan. That interest will not be paid until sometime in January of the next year.

Record adjusting journal entries for each separate case below for year ended December 31. Assume no other adjusting entries are made during the уear. a. Salaries Payable. At year-end, salaries expense of $21,000 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $525 of interest on a loan. That interest will not be paid until sometime in January of the next year.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 13PA: Prepare adjusting journal entries, as needed, considering the account balances excerpted from the...

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