E10-11 Edmund O’Mally Associates reported short-term notes payable and salary payable as follows:
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E10-11 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.
Requirement:
1. Journalize all four of these transactions for O’Mally during 2012.
- 10 years ago
Edmund O'Mally Associates (Journal entries) __correct Answers__Use it as a GUIDE !
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