Homework Answers
option B
| particulars | debit | credit |
| salary expense a/c | 13600 | |
| to salaries payable A/c | 13600 |
Add Answer to:
Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned...
Refer to the following Hawkeye Ranges. As of December 31, 2017, employees had earned $1,296 of...
Refer to the following Hawkeye Ranges. As of December 31, 2017, employees had earned $1,296 of unpaid and unrecorded salaries. The next payday is January 4, at which time $2,307 of salaries will be paid. The cost of supplies still available at December 31, 2017, is $3,904. The notes payable requires an interest payment to be made every three months. The amount of unrecorded accrued interest at December 31, 2017, is $1,125. The next interest payment, at an amount of...
Please answer the whole question. Refer to the following Hawkeye Ranges. As of December 31, 2017,...
Please answer the whole question.
Refer to the following Hawkeye Ranges.
As of December 31, 2017, employees had earned $855 of unpaid
and unrecorded salaries. The next payday is January 4, at which
time $1,522 of salaries will be paid.
The cost of supplies still available at December 31, 2017, is
$2,575.
The notes payable requires an interest payment to be made every
three months. The amount of unrecorded accrued interest at December
31, 2017, is $1,375. The next interest...
Preparing Adjusting and Closing Entries Across Two Periods Norton Company closes its accounts on December 31...
Preparing Adjusting and Closing Entries Across Two Periods Norton Company closes its accounts on December 31 each year. The company works a five-day work week and pays its employees every two weeks, On December 31, 2018, Norton accrued $4,700 of salaries payable. On January 7, 2019, the company paid salaries of $12,000 cash to employees. Prepare journal entries to: (a) Accrue the salaries payable on December 31: General Journal Description Debit Credit Dec. 31 Salaries Payable 4700 Cash 0 4700...
The correct adjusting entry for accrued and unpaid employee salaries of $9,900 on December 31 is:...
The correct adjusting entry for accrued and unpaid employee salaries of $9,900 on December 31 is: Multiple Choice points 8 01:51:50 O Debit Salary Expense, $9,900; credit Salaries Payable, $9,900. O Debit Salary Expense, $9,900; credit Fees Earned, $9,900. O Debit Salary Expense, $9,900; credit Cash, $9,900. O Debit Salaries Payable, $9,900; credit Salary Expense, $9,900. O Debit Salary Expense, $9,900; credit Prepaid Salary, $9,900.
Preparing Adjusting and Closing Entries Across Two Periods Norton Company closes its accounts on December 31...
Preparing Adjusting and Closing Entries Across Two Periods Norton Company closes its accounts on December 31 each year. The company works a five-day work week and pays its employees every two weeks. On December 31, 2015, Norton accrued $940 of salaries payable. On January 7, 2016, the company paid salaries of $2,400 cash to employees. Prepare journal entries to: (a) Accrue the salaries payable on December 31: General Journal Description Debit Credit Dec. 31 Salaries ExpenseSalaries PayableCashRetained Earnings Salaries PayableSalaries...
pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870...
pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870 for salaries. On January 4 2022, it paid salaries of $3,140: $1,870 for December salaries and $1,270 for January salaries. port Your answer is correct. Prepare the December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account...
The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance...
The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance tab. Information for adjustments is as follows: a. As of December 31, employees had earned $1,300 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,625 of salaries will be paid. b. The cost of supplies still available at December 31 is $1,500. c. The notes payable requires an interest payment to be made every three months. The amount...
at b ild adjusting entries Saved The December 31, 2021, unadjusted trial balance for Demon Deacons...
at b ild adjusting entries Saved The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Credit Accounts Debit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,52€ Supplies 2,600 Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense 28, eee $58,320 $ 1,600 12, eee 4,600 40, 12e $58,320 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,520, represents payment on October 31, 2021, for rent from November...
Record adjusting journal entries for each of the following for year ended December 31. Assume no...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
QUESTIONS Tate Company employees earned $9,000 in December 2019 that will not be paid until January...
QUESTIONS Tate Company employees earned $9,000 in December 2019 that will not be paid until January 2020. The December 31, 2019 adjusting entry is debit Wages Expense and cred Wages Payable for $9.000 debit Cash and credit Wages Expense for 59,000 debit Wages Expense and credit Cash for $9.000 debit Wages Payable and credit Wages Expense for 59.000
Please answer the whole question.
Refer to the following Hawkeye Ranges.
As of December 31, 2017, employees had earned $855 of unpaid
and unrecorded salaries. The next payday is January 4, at which
time $1,522 of salaries will be paid.
The cost of supplies still available at December 31, 2017, is
$2,575.
The notes payable requires an interest payment to be made every
three months. The amount of unrecorded accrued interest at December
31, 2017, is $1,375. The next interest...
Preparing Adjusting and Closing Entries Across Two Periods Norton Company closes its accounts on December 31 each year. The company works a five-day work week and pays its employees every two weeks, On December 31, 2018, Norton accrued $4,700 of salaries payable. On January 7, 2019, the company paid salaries of $12,000 cash to employees. Prepare journal entries to: (a) Accrue the salaries payable on December 31: General Journal Description Debit Credit Dec. 31 Salaries Payable 4700 Cash 0 4700...
The correct adjusting entry for accrued and unpaid employee salaries of $9,900 on December 31 is: Multiple Choice points 8 01:51:50 O Debit Salary Expense, $9,900; credit Salaries Payable, $9,900. O Debit Salary Expense, $9,900; credit Fees Earned, $9,900. O Debit Salary Expense, $9,900; credit Cash, $9,900. O Debit Salaries Payable, $9,900; credit Salary Expense, $9,900. O Debit Salary Expense, $9,900; credit Prepaid Salary, $9,900.
pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870 for salaries. On January 4 2022, it paid salaries of $3,140: $1,870 for December salaries and $1,270 for January salaries. port Your answer is correct. Prepare the December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account...
The unadjusted trial balance for Fashion First as December 31 is provided on the trial balance tab. Information for adjustments is as follows: a. As of December 31, employees had earned $1,300 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,625 of salaries will be paid. b. The cost of supplies still available at December 31 is $1,500. c. The notes payable requires an interest payment to be made every three months. The amount...
at b ild adjusting entries Saved The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Credit Accounts Debit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,52€ Supplies 2,600 Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense 28, eee $58,320 $ 1,600 12, eee 4,600 40, 12e $58,320 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,520, represents payment on October 31, 2021, for rent from November...
Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are made during the year. a. Salaries Payable. At year-end, salaries expense of $17,500 has been incurred by the company, but is not yet paid to employees. b. Interest Payable. At its December 31 year-end, the company owes $350 of interest on a line-of-credit loan. That interest will not be paid until sometime in January of the next year. c. Interest...
QUESTIONS Tate Company employees earned $9,000 in December 2019 that will not be paid until January 2020. The December 31, 2019 adjusting entry is debit Wages Expense and cred Wages Payable for $9.000 debit Cash and credit Wages Expense for 59,000 debit Wages Expense and credit Cash for $9.000 debit Wages Payable and credit Wages Expense for 59.000
Most questions answered within 3 hours.
-
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 58 minutes ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 2 hours ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 3 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 4 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 3 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 4 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 5 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 5 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 5 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 7 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 8 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 8 hours ago