Question 221
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 for these accrued salaries and for other salaries earned through February 9. 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 7 , 000 \begin{array} { | l | l | r | r | } \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\\hline & \text { Salaries Payable } & & 1,400 \\\hline 2 / 9 & \text { Salaries Payable } & 7,000 & \\\hline & \text { Salaries Expense } & 1,400 & \\\hline & \text { Cash } & & 7,000 \\\hline\end{array} 1/31 2/9 Salaries Expense Salaries Payable Salaries Payable Salaries Expense Cash 1 , 400 7 , 000 1 , 400 1 , 400 7 , 000 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} { | l | l | r | r | } \hline 1 / 31 & \text { Salaries Payable } & 1,400 & \\\hline & \text { Salaries Expense } & & 1,400 \\\hline 2 / 9 & \text { Salaries Expense } & 5,600 & \\\hline & \text { Salaries Payable } & 1,400 & \\\hline & \text { Cash } & & 7,000 \\\hline\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} { | c | c | r | r | } \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\\hline & \text { Cash } & & 1,400 \\\hline 2 / 9 & \text { Salaries Expense } & 7,000 & \\\hline & \text { Cash } & & 7,000 \\\hline\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} { | c | c | r | r | } \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\\hline & \text { Salaries Payable } & & 1,400 \\\hline 2 / 9 & \text { Salaries Expense } & 7,000 & \\\hline & \text { Cash } & & 7,000 \\\hline\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} { | l | l | r | r | } \hline 1 / 31 & \text { Salaries Expense } & 1,400 & \\\hline & \text { Salaries Payable } & & 1,400 \\\hline 2 / 9 & \text { Salaries Expense } & 5,600 & \\\hline & \text { Salaries Payable } & 1,400 & \\\hline & \text { Cash } & & 7,000 \\\hline\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
Correct Answer:
Verified
Unlock this answer now
