Homework Answers
| 1 | ||||
| a | Vacation pay expense | 22000 | ||
| Vacation pay payable | 22000 | |||
| b | Pension expense/Salaries expense | 251000 | ||
| Cash | 15060 | |||
| Pension payable/Salaries payable | 235940 | |||
| 2 | ||||
| a | Product Warranty expense | 12750 | =255000*5% | |
| Product Warranty payable | 12750 | |||
| b | Product Warranty payable | 176 | ||
| Cash | 176 |
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7
Need this done asap. Thanks in advance!
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7
Need this done asap. Thanks in advance!
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