ll. Subject :- Accounting Elevance HealthUnadjusted Trial Balance - December 31, 2023CashAccounts ReceivableSuppliesPrepaid RentEquipmentAccumulated DepreciationAccounts PayableUnearned RevenueCommon StockRetained EarningsDividendsService RevenueSalaries ExpenseAdvertising ExpenseUtilities ExpenseDebits$11,5003,5001,20024,00014,000Additional Information:a) The equipment was purchased on January 1, 2022. The useful life is estimated to be 10 years.b) As of December 31, 2023, the Company had accrued salaries of $950.0 0 0 04,500c) of the balance in the Unearned Revenue account, $500 had not been earned by year-end.d) A count of supplies on December 31, 2023 showed $400 of supplies had been used during the year.e) On May 1, 2023, the Company rented an office building for one year and paid $24,000 in cash.$055,000900650$115,250The ending balance in Salaries Expense, after adjustment is:$55,950$54,050$55,000$950Credits$1,4001,9002,80010,3007,50091,350$115,250

Salaries expense is a fixed expense which is paid by business to employees on a monthly basis.

Answered: The ending balance in Salaries Expense,…

Business

Accounting

The ending balance in Salaries Expense, after adjustment is: $55,950 $0 $54,050 $55,000 $950

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 21E: (Appendix 21.1) Visual Inspection The following changes in account balances were taken from Walson...

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