Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
I have an accounting problem that I need help with.?
Question:
May 16: Paid part-time receptionist for two-weeks' salary including the amount owed on April 30, $750.
Answer:
Salary Expense $$$$
Salaries Payable $$$$
Cash $750
Fill in the $$$$. That is the only part of the answer I can't figure out.
2 Answers
- fivestring46Lv 41 decade agoFavorite Answer
It sounds like you are doing journal entries for the month of May.
If you have a trial balance, or a listing of account balances, check to see if there was a wages payable adjustment at the end of April. You will be able to tell by checking to see if there is a balance in wages payable.
If there is, debit that amount to wages payable to clear the payable account, and debit the remainder to wage expense.
These two amounts will add up to your cash credit for wage expense of 750.
I hope this helps.
