Melissa Eaves Reversing Entries Checkpoint XACC/280 11/22/12 *BE4-12 At October 31, Nathan Company made an accrued expense adjusting

entry of $1,400 for salaries. Prepare the reversing entry on November 1, and indicate the balances in Salaries Payable and Salaries Expense after posting the reversing entry. Nov. 1 Salaries Payable…………………………………..1,400 Salaries Expense……………………………...1,400 The balance after posting the reverse entry are as follows: Salaries Expense-1,400 Salaries Payable-0

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