How would I record accrued salaries of $2,100 on a T chart?

Top 3 Answers

A few days ago

Kathryn

Favorite Answer

The first responder is correct. Using T-accounts, you would have:

1) A T-account for Salary Expense, and the debit would go on the left side of the T.

2) A T-account for Accrued Salaries, and the credit would go on the right side of the T.

4 years ago

Accrued Salaries

A few days ago

chikkenbone

debit your expense (whatever salary account)

credit your liability (probably salaries payable)

make the entry reversing.

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