Accrued Salaries
Code: 2121Account Information
| Account Type | Statement of Financial Position |
| Normal Balance | Credit |
Definition
Salaries owed to employees not yet paid at the end of the period
Common Journal Entries
Dr. Salaries Expense
Cr. Accrued Salaries
Dr. Accrued Salaries
Cr. Bank Account
Dr. Salaries Expense
Cr. Accrued Salaries
Dr. Bonuses Expense
Cr. Accrued Salaries
Dr. Salaries Expense
Cr. Accrued Salaries
Dr. Accrued Salaries
Cr. Bank Account
Dr. Salaries Expense
Cr. Accrued Salaries
Dr. Bonuses Expense
Cr. Accrued Salaries