Transcribed Image Text: On December 31, Year 1, BIG Company had accrued salaries of $9,800. Required a. Record in general journal format the adjustment required as of December 31, Year

Transcribed Image Text: On December 31, Year 1, BIG Company had accrued salaries of $9,800.
Required
a. Record in general journal format the adjustment required as of December 31, Year 1.
b. Show the above adjustment in a horizontal statements model.
c-1. Determine the amount of net income BIG would report on the Year 1 income statement, assuming that BlIG received $22,900 of
cash revenue.
c-2. is the amount of net cash flow from operating activities for Year 1?
d. amount of salaries payable would BIG report on the December 31, Year 1, balance sheet?
Complete this question by entering your answers in the tabs below.
Req A
Req B
Req C and D
Record in general journal format the adjustment required as of December 31, Year 1. (If no entry is required for a transaction/event,
select “No journal entry required” in the first account field.)
View transaction list
Journal entry worksheet
1
Record the adjusting entry for salaries payable.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
December
31

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