Journal entries for legal expenses

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Reference no: EM1310886

Journal entries for legal expenses incurred in contesting the insurance settlement.

1. (3/4/2009) Paid the February, 2009 employee salaries of $69,000.  (Total monthly salaries increased $3,000 per month, effective in February, 2009).

Date

Account Titles

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 2.(3/3/2009) Paid the February, 2009 utilities expense of $9,180.

Date

Account Titles

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.(3/5/2009) Paid $7,300 legal expenses incurred in contesting the insurance settlement related to the earthquake damage earlier in the year.

Date

Account Titles

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

Reference no: EM1310886

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