Multiple Choice
The reversing entry for Salaries is:
A) debit Salaries Expense;credit Salaries Payable.
B) debit Salaries Payable;credit Income Summary.
C) debit Salaries Payable;credit Salaries Expense.
D) debit Salaries Expense;credit Accounts Payable.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q48: Identify the category(s)of each of the accounts
Q49: The amount shown in the balance sheet
Q50: An item that can be converted into
Q52: Which of the following accounts will appear
Q55: After the closing entries have been posted:<br>A)
Q55: Closing entries:<br>A)are posted to the general ledger.<br>B)are
Q56: For each of the following, identify
Q58: For each of the following, identify
Q62: In which section does Interest Revenue appear
Q85: Not all adjusting entries can be reversed.