Accounting


Accounting Forum

AccountingCoach.com is the world's largest free online accounting course.


Not signed in (Sign In)

Categories

Vanilla 1.1.7 is a product of Lussumo. More Information: Documentation, Community Support.

Welcome Guest!
Want to take part in these discussions? If you have an account, sign in now.
If you don't have an account, apply for one now.

General Accounting Discussions: an accrued adjusting entry

Bottom of Page

1 to 1 of 1

  1.  
  1.  
    The salaries payable account already has 120 in it.
    Now I have and adjusting entry that says accrued receptionist salary on May 31 is 240.
    I am thinking that I need to debit salary expense for 120 and credit salaries payable 120 (this way the salaries payable account will have 240 in it) Am I thinking right??????

1 to 1 of 1

  1.  



 

Why AccountingCoach.com?

the accounting coach

AccountingCoach.com is designed to help people without an accounting background easily understand accounting concepts at no cost.


By investing thousands of hours, we have created clear and concise accounting information for both business people and students of all ages.


We understand how difficult accounting can be. That's why we have ensured that each accounting topic includes a clear explanation, reinforcing drills, Q&A, puzzles, dictionary of terms, etc.


Read 1,440 Visitor Testimonials



What's on AccountingCoach.com?