On December 31,2018,Absolute Services Company Prepared the Following Accrual Adjustment $\begin{array}{|c|r|c|}\hline \text { Salaries Expense } & 1,000 & \\\hline \text { Salaries Payable } & & 1,000 \\\hline\end{array}$

question 172

Essay

On December 31,2018,Absolute Services Company prepared the following accrual adjustment:
$\begin{array}{|c|r|c|}\hline \text { Salaries Expense } & 1,000 & \\\hline \text { Salaries Payable } & & 1,000 \\\hline\end{array}$
The company paid salaries amounting to $1,500 on January 7,2019 for the two-week pay period that ended on January 6,2019.Journalize the entries for January 1,2019 and January 7,2019,assuming the company uses reversing entries.Omit explanations.

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Definitions:

Psychological

Pertaining to the mind or mental processes, often focusing on behavior, cognition, emotions, and the mental functions in individuals.

Kant

Refers to Immanuel Kant, an 18th-century German philosopher who made pivotal contributions to the development of modern philosophy, especially in the areas of epistemology and ethics.

Universalizability

The ability to be applied to everyone without exception. This is an essential feature of moral principles, according to Immanuel Kant and others.

Ethical Relativist

A belief that morality is not universal and what is considered morally right or wrong varies from culture to culture.