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:

Ribbon Worms

A group of soft-bodied, often very long and slender invertebrates belonging to the phylum Nemertea.

Flatworms

A phylum of simple, bilaterally symmetrical, unsegmented invertebrates with a flattened body, including planarians, flukes, and tapeworms.

Acoelomates

Animals without a coelom, or body cavity, between the digestive tract and the outer body wall, including flatworms.

Denver II Assessment

A screening test for developmental delays in children from birth through six years, covering areas such as social contact, fine motor function, language, and gross motor skills.