Financial and Managerial Accounting - With CengageNow
14th Edition
ISBN: 9781337577809
Author: WARREN
Publisher: CENGAGE L
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Textbook Question
Chapter 4, Problem 4.31EX
Appendix 2
Entries posted to wages expense account
Portions of the salaries expense account of a business follow:
Account | Salaries | Expense | Account No. 62 | |||
Date | Item | Post. Ref. | Dr. | Cr. | Balance | |
Dr. | Cr. | |||||
2017 Dec. 27 | (1) | 29 | 22,000 | 1,200,000 | ||
31 | (2) | 30 | 13,200 | 1,213,200 | ||
31 | (3) | 31 | 1,213,200 | — | — | |
2018 Jan. 1 | (4) | 32 | 13,200 | 13,200 | ||
2 | (5) | 33 | 24,000 | 10,800 |
A. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which each numbered posting was made.
B. Journalize the complete entry from which each numbered posting was made.
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Portions of the salaries expense account of a business follow:
Account Salaries Expense
Account No. 62
Balance
Post.
Ref.
Date
Item
Dr.
Cr.
Dr.
Cr.
2018
Dec.27
(1)
29
22,000
1,200,000
1,213,200
(2)
13,200
31
30
1,213,200
(3)
31
31
2019
Jan. 1
(4)
32
13,200
13,200
(5)
33
10,800
2
24,000
a. Indicate the nature of the entry (payment, adjusting, closing, reversing) from which
each numbered posting was made.
b. Journalize the complete entry from which each numbered posting was made. Close
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SIS AND DESIGN OF-2020/2019-3-3
ACCOUNTING INFORMATION SYSTE
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ANALYSIS AND DESIGN OF ACCOUNTING INFORMATION SYSTEMS(2)-1-2020
الامتحان النصفي
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Chapter 4 Solutions
Financial and Managerial Accounting - With CengageNow
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