No | Date | General Journal | Debit | Credit |
1 | Jan-06 | Salaries expense ($1,800 x 3) | $ 5,550 | |
Salaries payable ($1,800 x 2) | $ 3,700 | |||
Cash | $ 9,250 |
Notes:
In the year ending closing entries we have credited salaries payable account for the two days salaries accrued in 2019 as it was not due at that time. On Jan 06, the entire week salary was paid in cash against salaries expense for last three working days in week and salaries payable as the first two days were charged as expense during previous year.
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I missed all the parts with an X. Wondering if anyone knows the right answer? Help...
i missed number two. does anyone know the answer Help Save & Exit Sub Check my work mode: This shows what is correct or incorrect for the work you have completed so far, it does not indicate completion Return to queste Problem 3-2A Preparing adjusting and subsequent journal entries LO P1, P2, P3, P4 Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The...
can someone help please? Arnez Company's annual accounting period ends on December 31 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4.000 balance. During 2019, the company purchased supplies for $13.400, which was added to the Office Supplies account. The inventory of supplies available at December 31 2019. totaled $2.554 b. An analysis of the company's Insurance policies provided the following facts. Policy...
I am having trouble on the first chart for section b and then on the second chart I have having issues with the whole thing. Below is the data on what I need to do.Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date.The Office Supplies account started the year with a $4,100 balance. During 2019, the company purchased supplies for $16,933, which was added to...
Problem 3-2A Preparing adjusting and subsequent journal entries LO P1, P2, P3, P4 Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date a. The Office Supplies account started the year with a $2.675 balance. During 2019, the company purchased supplies for $11,048, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2.354 b. An analysis of...
cises and Problems Check my work mode: This shows what is corrector Problem 3-2A Preparing adjusting and subsequent journal entries LO P1, P2, P3, P4 Area Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date The Office Supplies account started the year with a $3.150 balance. During 2019, the company purchased supplies for $13.010 which was added to the Office Supplies account. The inventory of supplies...
Accounting. Adjusting entries. Could you explain how you get the answer? Transaction B: Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,000 balance. During 2019, the company purchased supplies for $13,400, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,554. b. An analysis of...
Return 2 Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. 11.11 points a. The Office Supplies account started the year with a $4,100 balance. During 2019, the company purchased supplies for $16.933. which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,608 b. An analysis of the company's insurance policies provided the following facts. Months...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $4,300 balance. During 2019, the company purchased supplies for $17,759, which was added to the Office Supplies account. The inventory of supplies available at December 31. 2019, totaled $3,784 b. An analysis of the company's insurance policies provided the following facts. Months of Policy Date of...
Arnez Company’s annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date.The Office Supplies account started the year with a $4,100 balance. During 2019, the company purchased supplies for $16,933, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $3,608.An analysis of the company's insurance policies provided the following facts. PolicyDate of PurchaseMonths of CoverageCostAApril 1, 201724$11,832BApril 1, 20183610,584CAugust 1,...
Arnez Company's annual accounting period ends on December 31, 2019. The following information concerns the adjusting entries to be recorded as of that date. a. The Office Supplies account started the year with a $3,200 balance. During 2019, the company purchased supplies for $13,216, which was added to the Office Supplies account. The inventory of supplies available at December 31, 2019, totaled $2,816. b. An analysis of the company's insurance policies provided the following facts. Policy A Months of Coverage...