Dyer Service Company Had the Following Unadjusted Balances at December

question 123

Essay

Dyer 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 entries for January 1,2017 and January 4,2017,assuming that reversing entries were made.

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Definitions:

Union Drive

A campaign or movement orchestrated by employees and labor organizers to establish a labor union representation within a workplace.

Legal Advice

Professional consultation regarding the law, rights, and obligations, typically provided by a licensed attorney.

Discriminate

To treat someone differently or unjustly based on personal characteristics, such as race, age, gender, or religion, that are irrelevant to their ability to perform a job.

Coerce Employees

The act of compelling employees to act in a certain manner through force or threats, often undermining their autonomy or consent.