A few days ago
Anonymous

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

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.

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4 years ago
?
Accrued Salaries
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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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