At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries….

At October 31, Nathan Company made an accrued expense adjusting entry of $1,400 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry.View Solution:
At October 31 Nathan Company made an accrued expense adjusting

 

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