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At december 31 20x8 before adjusting entries were made the

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At December 31, 20X8, before adjusting entries were made, the Salary Expense account of a company showed a balance of $5,167.  It is determined that salaries owed employees for the last few days of the year amount to $432.  On January 8, 20X9, the first payroll for the year was prepared, and it totaled $875, including the $432 owed from the previous year.                                                                                                                               (8 pts)

Required:

a.      Prepare the adjusting journal entry at December 31, 20X8.

                              
                             
                             
                             

b.      Prepare the reversing entry (if one is appropriate) at January 1, 20X9.

                              
                             
                             
                             

c.      What is the balance of the Salary Expense account at January 8, 20X9, assuming all postings have been made?

Enter response in the box below.

  
        

d.      What is the balance of the Salaries Payable account at January 8, 20X9, after all postings are made?

Enter response in the box below

Reference no: EM13481813

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