APPENDIX D
REVERSING ENTRIES
Ex. D–1
a. (1) Sales Salaries Expense……………………………………… 7,050
Accrued fees earned.
b. (1) Salaries Payable ……………………………………………….. 7,050
Ex. D–2
a. (1) Wages Expense ………………………………………………… 13,200
b. (1) Wages Payable …………………………………………………. 13,200
(2) Fees Earned ……………………………………………………… 25,000
APPENDIX D Reversing Entries
Ex. D–3
a. (1) Payment (last payday in year)
b. (1) Wages Expense ………………………………………………… 15,400
APPENDIX D Reversing Entries
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Ex. D–4
a. (1) Payment (last payday in year)
b. (1) Salaries Expense ………………………………………………. 22,000