Which Accounts Are Used In The Adjusting Entry To Record Salaries Owed To Employees But Not Paid
(The adjusting entry to record salaries owed at year-end would include a debit to the Salaries and Wages Expense account and a credit to the Salaries and Wages Payable account. This adjusting entry would increase salaries expense. What is the adjusting entry to record salaries owed to employees? Make the…