Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it...
Taylor Company had a salaries payable balance of $18,000 on December 31, 2014. During 2015, it paid $50,000 in cash as salaries, and recorded a salary expense of $50,000. What is its December 31, 2015, salaries payable balance?
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$50,000
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$18,000
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$100,000
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Cannot be determined from the information provided
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Taylor Company had a salaries payable balance of $18,000 on
December 31, 2014. During 2015, it...
The unadjusted trial balance for a company as of December 31, 2015 appears below. Debit Credit...
The unadjusted trial balance for a company as of December 31, 2015 appears below. Debit Credit Cash $1,200 900 Accounts Receivable Prepaid Insurance Supplies Land Office Furniture 900 2,000 10,000 4,500 Accounts Payable 900 Unearned Revenue 1,500 Note Payable 5,500 Common Stock 3,000 Retained Earnings 7,400 Dividends 1,100 Service Revenues 4,100 Rent Expense 600 Salaries Expense 1.200 $22,400 $22,400 Additional Information: 1. The Company paid $900 for a one-year insurance policy on July 1, 2015 2. The office furniture was...
Rice Company's salaried employees are paid twice monthly. Information relating to salaries follows: December 31, 2013...
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5. Calculate the amount of liabilities for Company E on December 31, 2014 December 31, 2015...
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Starlight Associates, Inc. recorded salary expense of $100,000 in 2017. However, additional salaries of $5,000 had...
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The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
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