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Fighting Irish Incorporated pays its employees $3,500 every two weeks ($250/day). The current two week pay...
Righting Irish Incorporated pays its employees $4.480 every two weeks ($320/dayThe current two-week pay period ends...
Righting Irish Incorporated pays its employees $4.480 every two weeks ($320/dayThe current two-week pay period ends on December 28, 2021, and employees are pald $4,480. The next two-week pay period ends on January 11, 2022 and employees are paid $4.480. Required: 1. Record the adjusting entry on December 31, 2021. 2 Calculate the 2021 yearend adjusted balance of Salarles Payable (assuming the balance of Salarfes Payable before adjustment in 2021 is $0) Complete this question by entering your answers in...
Required information (The following information applies to the questions displayed below.) Fighting Irish Incorporated pays its...
Required information (The following information applies to the questions displayed below.) Fighting Irish Incorporated pays its employees $3,220 every two weeks ($230/day). The current two-week pay period ends on December 28, 2018, and employees are paid $3,220. The next two week pay period ends on January 11, 2019, and employees are paid $3,220. 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction, select "No journal entry required...
A company pays each of its two office employees each Friday at the rate of $140 per day for a five-day week that begins on Monday.
A company pays each of its two office employees each Friday at the rate of $140 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is: Multiple Choice Debit Salaries Payable $560 and credit Salaries Expense $560. Debit Salaries Expense $560 and credit Salaries Payable $560. Debit Salaries Expense $840 and credit Salaries Payable $840 Debit...
a company pays its two office employees each friday at the rate of $100 per day...
a company pays its two office employees each friday at the rate of $100 per day each for a five day week that begins on monday. if the monthly accounting period ends on tuesday and the employees worked both on monday and tuesday the month end adjusting entry ro record the salaries earned but unpaid is
4) The employees of Able Company have worked the last two weeks of Year 1, but...
4) The employees of Able Company have worked the last two weeks of Year 1, but the employees salaries have not been paid or recorded as of December 31, Year 1. The adjusting entry that Able should make to accrue these unpaid salaries on December 31, Year I is: Ardebit to Salaries Expense and credit to Salaries Payable. B) no entry is required until the employee is paid next period. C) debit to Salaries Payable and credit to Salaries Expense....
25) A company pays each of its two office employees each Friday at the rate of...
25) A company pays each of its two office employees each Friday at the rate of $115 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
On January 1, 2021, Poplar Fabricators Corporation agreed to grant its employees two weeks of vacation...
On January 1, 2021, Poplar Fabricators Corporation agreed to grant its employees two weeks of vacation each year, with the stipulation that vacations earned each year can be taken the following year. For the year ended December 31, 2021, Poplar Fabricators’ employees each earned an average of $900 per week. Six hundred vacation weeks earned in 2021 were not taken during 2021. Required: 1. Prepare the appropriate adjusting entry for vacations earned but not taken in 2021. 2. Suppose that,...
Sheffield Corp. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in...
Sheffield Corp. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Sheffield accrues salaries expense only at its December 31 year end. Data relating to salaries earned in December 2020 are as follows: Last payroll was paid on 12/26/20, for the 2-week period ended 12/26/20. Overtime pay earned in the 2-week period ended 12/26/20 was $27000. Remaining work days in 2020 were December 29, 30, 31, on which days there was...
December 31,2021, adjusted tria balance for Fighting blue hens corporation is presented below ! Required information...
December 31,2021, adjusted tria balance for Fighting blue hens
corporation is presented below
! Required information [The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,000 4,500 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense...
Crane Company pays salaries of $10,630 every Monday for the preceding 5-day week (Monday through Friday)....
Crane Company pays salaries of $10,630 every Monday for the
preceding 5-day week (Monday through Friday). Assume December 31
falls on a Tuesday, so Crane’s employees have worked 2 days without
being paid at tAssume the company does not use reversing entries.
Prepare the December 31 adjusting entry and the entry on Monday,
January 6, when Crane pays the payroll. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. Record journal entries in the order...
Righting Irish Incorporated pays its employees $4.480 every two weeks ($320/dayThe current two-week pay period ends on December 28, 2021, and employees are pald $4,480. The next two-week pay period ends on January 11, 2022 and employees are paid $4.480. Required: 1. Record the adjusting entry on December 31, 2021. 2 Calculate the 2021 yearend adjusted balance of Salarles Payable (assuming the balance of Salarfes Payable before adjustment in 2021 is $0) Complete this question by entering your answers in...
Required information (The following information applies to the questions displayed below.) Fighting Irish Incorporated pays its employees $3,220 every two weeks ($230/day). The current two-week pay period ends on December 28, 2018, and employees are paid $3,220. The next two week pay period ends on January 11, 2019, and employees are paid $3,220. 1. & 2. Record the necessary entries in the Journal Entry Worksheet below. (If no entry is required for a particular transaction, select "No journal entry required...
4) The employees of Able Company have worked the last two weeks of Year 1, but the employees salaries have not been paid or recorded as of December 31, Year 1. The adjusting entry that Able should make to accrue these unpaid salaries on December 31, Year I is: Ardebit to Salaries Expense and credit to Salaries Payable. B) no entry is required until the employee is paid next period. C) debit to Salaries Payable and credit to Salaries Expense....
25) A company pays each of its two office employees each Friday at the rate of $115 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
December 31,2021, adjusted tria balance for Fighting blue hens
corporation is presented below
! Required information [The following information applies to the questions displayed below.) The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Credit Debit $ 10,500 135,000 4,500 22,500 250,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Equipment Accumulated Depreciation Accounts Payable Salaries Payable Interest Payable Notes Payable (due in two years) Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense...
Crane Company pays salaries of $10,630 every Monday for the
preceding 5-day week (Monday through Friday). Assume December 31
falls on a Tuesday, so Crane’s employees have worked 2 days without
being paid at tAssume the company does not use reversing entries.
Prepare the December 31 adjusting entry and the entry on Monday,
January 6, when Crane pays the payroll. (Credit account
titles are automatically indented when amount is entered. Do not
indent manually. Record journal entries in the order...
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