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accounting- payable vs. expense

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accounting- payable vs. expense
sspeckma Offline
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#5
11-20-2009, 07:55 AM
The balance of Salaries payable on Jan 31 is 1200, The trial balance of salaries expensed at Jan 31 is 1800. During Jan 2500 was paid in salaries.
What was the balance of salaries payable at Dec 31 the previous period?

And why?
Thanks Steve:confused:
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Messages In This Thread
accounting- payable vs. expense - by 4dkids - 06-27-2007, 09:31 PM
accounting- payable vs. expense - by 4dkids - 06-27-2007, 09:34 PM
accounting- payable vs. expense - by Kiwi Lover - 06-27-2007, 09:55 PM
accounting- payable vs. expense - by 4dkids - 06-27-2007, 11:28 PM
accounting- payable vs. expense - by sspeckma - 11-20-2009, 07:55 AM

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