Solution manual accounting warren 25e SM APPB final Solution manual accounting warren 25e SM APPB final Solution manual accounting warren 25e SM APPB final Solution manual accounting warren 25e SM APPB final Solution manual accounting warren 25e SM APPB final Solution manual accounting warren 25e SM APPB final Solution manual accounting warren 25e SM APPB final
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b (1) Salaries Payable
Sales Salaries Expense
Reversing entry.
7,050
7,050
(2) Fees Earned
Accounts Receivable
51,300
51,300 Reversing entry.
Ex B–2
a (1) Wages Expense 13,200
Wages Payable 13,200 Accrued wages ($66,000 ÷ 5 days).
(2) Accounts Receivable 25,000
Fees Earned 25,000 Accrued fees earned.
b (1) Wages Payable 13,200
Wages Expense 13,200 Reversing entry.
(2) Fees Earned 25,000
Accounts Receivable 25,000 Reversing entry.
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b (1) Wages Expense
Cash
15,400
15,400 (2) Wages Expense
Wages Payable
9,250
9,250 Accrued wages.
(3) Income Summary
Wages Expense
809,250
809,250 (4) Wages Payable
Wages Expense
9,250
9,250 Reversing entry.
(5) Wages Expense 14,800
Cash 14,800
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b (1) Salaries Expense
Cash
22,000
22,000 (2) Salaries Expense
Salaries Payable
13,200
13,200 Accrued salaries.
(3) Income Summary
Salaries Expense
1,213,200
1,213,200 (4) Salaries Payable
Salaries Expense
13,200
13,200 Reversing entry.
(5) Salaries Expense 24,000
Cash 24,000