Business, 02.11.2019 03:31 lindseybug

Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had earned $9,200 of unpaid and unrecorded salaries. the next payday is january 3, at which time $23,000 will be paid. prepare the january 1 journal entry to reverse the effect of the december 31 salary expense accrual.

debit salaries expense $9,200; credit salaries payable $9,200.

debit salaries expense $13,800; debit salaries payable $9,200; credit cash $23,000.

debit salaries payable $13,800; credit cash $13,800.

debit salaries payable $9,200, credit salaries expense $9,200.

debit salaries expense $13,800; credit salaries payable $13,800.

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Flagg, inc. records adjusting entries at its december 31 year end. at december 31, employees had ear...

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