Paying salaries accrued at year end

Transaction

On December 31 a company accrued the December salaries, $9,200.00, which were unpaid. On January 5 it pays them by check.

Assumptions: Payroll taxes and withholdings are ignored in this item. The company does not use reversing entries.

Accounts

Tap an account, then choose Debit or Credit and type the amount. × removes a line.

Debit

No lines yet. Choose an account above.

Credit

No lines yet. Choose an account above.

Debits $0.00Credits $0.00