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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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8 years ago
On December 31, 2016, $2,500 of salaries have been earned but not yet paid to employees.  If the business failed to make an adjusting entry on December 31, 2016, indicate the effect on assets, liabilities, equity, and net income.

   Understated, Overstated, No Effect
Assets   
Liabilities   
Equity   
Net Income
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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8 years ago
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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