Business, 07.10.2019 19:30 jasramos004

Salaries payable. at year-end, salaries expense of $21,500 has been incurred by the company, but is not yet paid to employees. interest payable. at its december 31 year-end, the company owes $550 of interest on a line-of-credit loan. that interest will not be paid until sometime in january of the next year. interest payable. at its december 31 year-end, the company holds a mortgage payable that has incurred $1,175 in annual interest that is neither recorded nor paid. the company intends to pay the interest on january 7 of the next year. step 1: determine what the current account balance equals. step 2: determine what the current account balance should equal. step 3: record the december 31 adjusting entry to get from step 1 to step 2 c. at its december 31 year-end, the company holds a mortgage payable that has incurred $1,325 in annual interest that is neither recorded nor paid. the company intends to pay the interest on january 7 of the next year.

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Salaries payable. at year-end, salaries expense of $21,500 has been incurred by the company, but is...