Ellis Service Company Had the Following Unadjusted Balances at December

question 159

Essay

Ellis Service Company had the following unadjusted balances at December 31,2016: Salaries Payable,$0;Salaries Expense,$12,000.The following transactions took place on December 31,2016:
Accrued Salaries Expense,$5,000
Closed the Salaries Expense account.
The following transaction took place on January 4,2017:
Paid salaries of $6,000.This payment included $5,000 that was accrued on December 31,2016 and $1,000 for the first few days in January 2017.
Prepare the journal entry for January 4,2017,assuming that reversing entries were not made.

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Definitions:

Inactive

Inactive refers to a state of not engaging in physical activity or movement, often leading to a decline in health and fitness.

Chromosomes

Thread-like structures located inside the nucleus of animal and plant cells, made of protein and a single molecule of DNA, carrying genetic information.

Genes

Units of heredity that are transferred from parent to offspring and are responsible for determining some characteristics of the offspring.

DNA

DNA, a molecule responsible for carrying the genetic blueprints essential for the growth, development, operational processes, and reproductive functions in all recognized living beings and several viruses.