By the end of the accounting period, employees have earned salaries of $650, but they will not be paid until the following pay period. Demonstrate the required adjusting entry by completing the following sentence. The required adjusting entry would be to debit the Salaries (expense/payable) account and (debit/credit) the Salaries (expense/payable/unearned) account.

Question

contestada

Respuesta :

Tundexi Tundexi · Answer 1 · 2021-06-23T21:10:35+02:00

Answer:

Adjusting entry

Date Account Name and Explanation Debit Credit

Salaries Expense $650

Salaries payable $650

(To record salary expense)

Answer Link

andromache andromache · Answer 2 · 2021-09-15T08:35:09+02:00

The adjusting journal entry for recording the unpaid salary is given below:

Salaries Expense Dr $650

To Salaries payable $650

(Being salary expense is recorded)

Here the salaries expense is debited as it increased the expense and credited the salary payable as it also increased the liabilities.

Therefore the above adjusting journal entry should be recorded.

Learn more about the journal entry here: brainly.com/question/20421012

Answer Link