Homework Answers
| Date | Account title | Debit | credit |
| 30 June ,2020 | Wage expense | 4500 | |
| Wages payable | 4500 | ||
| [Being wages accrued for 3 days (28,29 & 30 June) :1800+1600+1100 =4500] |
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Yellow's employees are paid in cash each Friday for that week's work and the cash payment...
Problem 7-5 Prepaid Insurance and the Monthly Prepaid Insurance Adjusting Entry On September 1, 2019, Amy's...
Problem 7-5 Prepaid Insurance and the Monthly Prepaid Insurance Adjusting Entry On September 1, 2019, Amy's Floral Shop, Inc. paid cash for the following two insurance policies Insurance Policy #1 Auto and Truck Type of insurance coverage Starting date of the insurance coverage. September 1, 2019 Period of time coverage is for..3 months Total cost of coverage paid in advance... $525 Insurance Policy #2 Type of insurance coverage.. Business Liability Starting date of the insurance coverage .. Sseptember 1, 2019...
Accrued Wages Employees earn $11,000 per day, work five days per week, Monday through Friday, and...
Accrued Wages Employees earn $11,000 per day, work five days per week, Monday through Friday, and get paid every Friday. The previous payday was Friday, January 25 and the accounting period ends on Wednesday, January 30. What is the ending balance in the wages payable account on January 30? $
Employees at ta certain are paid on Friday, December 27 for the five days ending on...
Employees at ta certain are paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3. Employees work 5 days a week. The weekly payroll amounts to $3,800. The appropriate adjusting journal entry on December 31 would be to credit Salaries and Wages Payable for $2,280. $3,800 $760 $630. $1,520.
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:
a. Each Friday, Lindsey pays employees for the current week's work. The amount of the weekly...
a. Each Friday, Lindsey pays employees for the current week's work. The amount of the weekly payroll $7,000 for a five-day workunek. This year December 31 falls on a Thursday Lindsay will pay its employees on January 1 Date Accounts and Explanation Debit Credit Dec 31 Salaries Expense Salaries Payable a. As of December 31, Duville had $650 of Prepaid Insurance remaining. Date Accounts and Explanation Debit (a) Dec 31
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
Pablo Management has two employees, each of whom earns $130 per day. They are paid on...
Pablo Management has two employees, each of whom earns $130 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the two employees worked Monday, December 31, and Wednesday through Friday. January 23, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet Alta Record...
The employees of Xitrex, Inc., are paid each Friday. The company’s fiscal year-end is June 30,...
The employees of Xitrex, Inc., are paid each Friday. The
company’s fiscal year-end is June 30, which falls on a Wednesday
for the current year. Salaries and wages are earned evenly
throughout the five-day work week, and $11,000 will be paid on
Friday, July 2.
Required:
1. Prepare an adjusting entry to record the
accrued salaries and wages as of June 30, a reversing entry on July
1, and an entry to record the payment of salaries and wages on...
Pablo Management has two employees, each of whom earns $220 per day. They are paid on...
Pablo Management has two employees, each of whom earns $220 per
day. They are paid on Fridays for work completed Monday through
Friday of the same week. Near year-end, the two employees worked
Monday, December 31, and Wednesday through Friday, January 2, 3,
and 4. New Year’s Day (January 1) was an unpaid holiday.
Prepare the year-end adjusting entry for wages expense qnd
record payment of the employees’ wages on Friday, January 4.
Pablo Management has two employees, each of...
Pablo Management has five employees, each of whom earns $150 per day. They are paid on...
Pablo Management has five employees, each of whom earns $150 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list View journal entry worksheet...
Problem 7-5 Prepaid Insurance and the Monthly Prepaid Insurance Adjusting Entry On September 1, 2019, Amy's Floral Shop, Inc. paid cash for the following two insurance policies Insurance Policy #1 Auto and Truck Type of insurance coverage Starting date of the insurance coverage. September 1, 2019 Period of time coverage is for..3 months Total cost of coverage paid in advance... $525 Insurance Policy #2 Type of insurance coverage.. Business Liability Starting date of the insurance coverage .. Sseptember 1, 2019...
Employees at ta certain are paid on Friday, December 27 for the five days ending on December 27. The next payday is Friday, January 3. Employees work 5 days a week. The weekly payroll amounts to $3,800. The appropriate adjusting journal entry on December 31 would be to credit Salaries and Wages Payable for $2,280. $3,800 $760 $630. $1,520.
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:
a. Each Friday, Lindsey pays employees for the current week's work. The amount of the weekly payroll $7,000 for a five-day workunek. This year December 31 falls on a Thursday Lindsay will pay its employees on January 1 Date Accounts and Explanation Debit Credit Dec 31 Salaries Expense Salaries Payable a. As of December 31, Duville had $650 of Prepaid Insurance remaining. Date Accounts and Explanation Debit (a) Dec 31
Pablo Management has two employees, each of whom earns $130 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the two employees worked Monday, December 31, and Wednesday through Friday. January 23, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list Journal entry worksheet Alta Record...
The employees of Xitrex, Inc., are paid each Friday. The
company’s fiscal year-end is June 30, which falls on a Wednesday
for the current year. Salaries and wages are earned evenly
throughout the five-day work week, and $11,000 will be paid on
Friday, July 2.
Required:
1. Prepare an adjusting entry to record the
accrued salaries and wages as of June 30, a reversing entry on July
1, and an entry to record the payment of salaries and wages on...
Pablo Management has two employees, each of whom earns $220 per
day. They are paid on Fridays for work completed Monday through
Friday of the same week. Near year-end, the two employees worked
Monday, December 31, and Wednesday through Friday, January 2, 3,
and 4. New Year’s Day (January 1) was an unpaid holiday.
Prepare the year-end adjusting entry for wages expense qnd
record payment of the employees’ wages on Friday, January 4.
Pablo Management has two employees, each of...
Pablo Management has five employees, each of whom earns $150 per day. They are paid on Fridays for work completed Monday through Friday of the same week. Near year-end, the five employees worked Monday, December 31, and Wednesday through Friday, January 2, 3, and 4. New Year's Day (January 1) was an unpaid holiday. Prepare the year-end adjusting entry for wages expense and record payment of the employees' wages on Friday, January 4. View transaction list View journal entry worksheet...
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