Horngren's Financial & Managerial Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (5th Edition) (miller-nobles Et Al., The Horngren Accounting Series)
5th Edition
ISBN: 9780134077345
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 11, Problem 11.17E
Journalizing current liabilities
Erik O’Hern Associates reported short-term notes payable and salaries payable as follows:
| 2016 | 2015 | |
| Current Liabilities-partial: | ||
| Short-Term Notes Payable | $ 16,800 | $ 15,200 |
| Salaries Payable | 3,100 | 3,900 |
During 2016, O’Hern paid off both current liabilities that were left over from 2015, borrowed money on short-term notes payable, and accrued salaries expense. Journalize all four of these transactions for O’Hern during 2016. Assume no interest on short-term notes payable of $15,200.
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Chapter 11 Solutions
Horngren's Financial & Managerial Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (5th Edition) (miller-nobles Et Al., The Horngren Accounting Series)
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