Accounting Help
giry1021
hho9e_e10_11_eip_stud.xlsxE10-11
| Accounting, 9e | ||||||
| E10-11 | Journalizing current liabilities | |||||
| LO 1 [15 minutes] | ||||||
| Students please fill-in areas that are shaded | ||||||
| Student Name | ||||||
| Course Name | ||||||
| Student ID: | ||||||
| Date: | ||||||
| Edmund O’Mally Associates reported short-term notes payable and salary payable | ||||||
| as follows: | ||||||
| 2012 | 2011 | |||||
| Current liabilities (partial) | ||||||
| Short-term notes payable | $ 16,400 | $ 15,600 | ||||
| Salary payable | 3,400 | 3,100 | ||||
| During 2012, O’Mally paid off both current liabilities that were left over from 2011, | ||||||
| borrowed money on short-term notes payable, and accrued salary expense. | ||||||
| Requirements | ||||||
| 1. | Journalize all four of these transactions for O’Mally during 2012. | |||||
| Test Your Knowledge | ||||||
| E10-11 | ||||||
| Req. 1 | ||||||
| Journal | ||||||
| DATE | ACCOUNTS AND EXPLANATIONS | DEBIT | CREDIT | |||
| 2012 | ||||||
Jennie April 23
