E10-11 Edmund O’Mally Associates reported short-term notes payable and salary payable as follows:

profilerubyCpaMba
 (Not rated)
 (Not rated)
Chat

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 !
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      edmund_o_mally__e10-11.xlsx