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
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Debit
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Credit
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Debits $0.00Credits $0.00
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