## Answers

JOURNAL | ACCOUNTING EQUATION | |||||||

DATE | DESCRIPTION | POST. REF | DEBIT | CREDIT | ASSETS | LIABILITIES | EQUITY | |

1 | Salaries expense ($14,500/5*3) | $ 8,700 | $ (8,700) | |||||

Salaries payable | $ 8,700 | $ 8,700 | ||||||

2 | Salaries expense ($14,500/5*4) | $ 11,600 | $ (11,600) | |||||

Salaries payable | $ 11,600 | $ 11,600 |

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