Question 7
Multiple Choice A company recorded 2 days of accrued salaries of $1,400 for its employees on January 31.On February 9,it paid its employees $7,000 for these accrued salaries and for other salaries earned through February 9.Assuming the company does not prepare reversing entries,the January 31 and February 9 journal entries are:
1 / 31 Salaries Expense .................... 1 , 400 Salaries Payable ...................... 1 , 400 2 / 9 Salaries Payable ....................... 7 , 000 Salaries Expense .................... 1 , 400 Cash...................................... 8 , 400 \begin{array}{lll}1/31&\text { Salaries Expense .................... } & 1,400\\&\text { Salaries Payable ...................... } &&1,400 \\2/9&\text { Salaries Payable ....................... } & 7,000 \\&\text { Salaries Expense .................... } & 1,400 \\&\text{Cash......................................}&&8,400\end{array} 1/31 2/9 Salaries Expense .................... Salaries Payable ...................... Salaries Payable ....................... Salaries Expense .................... Cash...................................... 1 , 400 7 , 000 1 , 400 1 , 400 8 , 400 1 / 31 Salaries Payable .................... 1 , 400 Salaries Expense...................... 1 , 400 2 / 9 Salaries Expense ....................... 5 , 600 Salaries Payable.................... 1 , 400 Cash..................................... 7 , 000 \begin{array}{lll}1/31&\text { Salaries Payable .................... } & 1,400\\&\text { Salaries Expense...................... } &&1,400 \\2/9&\text { Salaries Expense ....................... } & 5,600 \\&\text { Salaries Payable.................... } & 1,400 \\&\text{Cash.....................................}&&7,000\end{array} 1/31 2/9 Salaries Payable .................... Salaries Expense...................... Salaries Expense ....................... Salaries Payable.................... Cash..................................... 1 , 400 5 , 600 1 , 400 1 , 400 7 , 000 1 / 31 Salaries Expense .................... 1 , 400 Cash...................................... 1 , 400 2 / 9 Salaries Expense .................... 7 , 000 Cash...................................... 7 , 000 \begin{array}{lll}1/31&\text { Salaries Expense .................... } & 1,400\\&\text{Cash......................................}&&1,400 \\2/9&\text { Salaries Expense .................... } & 7,000 \\&\text{Cash......................................}&&7,000\end{array} 1/31 2/9 Salaries Expense .................... Cash...................................... Salaries Expense .................... Cash...................................... 1 , 400 7 , 000 1 , 400 7 , 000 1 / 31 Salaries Expense .................... 1 , 400 Salaries Payable ...................... 1 , 400 2 / 9 Salaries Expense .................... 7 , 000 Cash...................................... 7 , 000 \begin{array}{lll}1/31&\text { Salaries Expense .................... } & 1,400\\&\text { Salaries Payable ...................... } &&1,400 \\2/9&\text { Salaries Expense .................... } & 7,000 \\&\text{Cash......................................}&&7,000\end{array} 1/31 2/9 Salaries Expense .................... Salaries Payable ...................... Salaries Expense .................... Cash...................................... 1 , 400 7 , 000 1 , 400 7 , 000 1 / 31 Salaries Expense .................... 1 , 400 Salaries Payable ...................... 1 , 400 2 / 9 Salaries Expense....................... 5 , 600 Salaries Payable .................... 1 , 400 Cash...................................... 7 , 000 \begin{array}{lll}1/31&\text { Salaries Expense .................... } & 1,400\\&\text { Salaries Payable ...................... } &&1,400 \\2/9&\text { Salaries Expense....................... } & 5,600 \\&\text { Salaries Payable .................... } & 1,400 \\&\text{Cash......................................}&&7,000\end{array} 1/31 2/9 Salaries Expense .................... Salaries Payable ...................... Salaries Expense....................... Salaries Payable .................... Cash...................................... 1 , 400 5 , 600 1 , 400 1 , 400 7 , 000
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