journal entries for legal expenses incurred in


Journal entries for legal expenses incurred in contesting the insurance settlement.

1. (3/4/2009) Paid the February, 2009 employee salaries of $69,000.  (Total monthly salaries increased $3,000 per month, effective in February, 2009).

Date

Account Titles

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 2.(3/3/2009) Paid the February, 2009 utilities expense of $9,180.

Date

Account Titles

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.(3/5/2009) Paid $7,300 legal expenses incurred in contesting the insurance settlement related to the earthquake damage earlier in the year.

Date

Account Titles

Debit

Credit

 

 

 

 

 

 

 

 

 

 

 

 

Request for Solution File

Ask an Expert for Answer!!
Financial Accounting: journal entries for legal expenses incurred in
Reference No:- TGS0451289

Expected delivery within 24 Hours