Transaction and Adjustment Data for Portiski Company for the Year

question 76

Essay

Transaction and adjustment data for Portiski Company for the year ended September 30 is as follows:
1. September 24 (initial salary entry): $12,000 of salaries earned between September 1 and September 24 are paid.
2. September 30 (adjusting entry): Salaries earned between September 25 and September 30 are $5,000. These will be paid in the October 8 payroll.
3. October 8 (subsequent salary entry): Total salary payroll amounting to $9,000 was paid.
Instructions
Prepare two sets of journal entries as specified below. The first set of journal entries should assume that the company does not use reversing entries, and the second set should assume that reversing entries are utilized by the company.

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Definitions:

Serum Bicarbonate Level

A measurement of the concentration of bicarbonate (HCO3-) in the blood, which is an important parameter in assessing the acid-base balance of the body.

Distended Abdomen

An abdominal swelling or increase in size, which can be due to various causes such as gas, fluid accumulation, or the presence of mass.

Cathartic Use

The employment of a substance or activity that accelerates defecation, typically for therapeutic reasons.

Rectal Skin Breakdown

Damage or ulceration of the skin around the rectum, often due to prolonged pressure or moisture, leading to discomfort and risk of infection.