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![Answer: The correct option is D Credit Accounts Titles and Explanation Salaries and Wages Expense [($30,240/5)*3] Salaries an](http://img.homeworklib.com/questions/fc7a25c0-b069-11eb-94b2-37365a607b16.png?x-oss-process=image/resize,w_560)
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Vaughn Manufacturing employs a 5-day workweek and a September 30 year-end. Normal weekly wages amount to...
Q 4.70: Mozer Villa & Spa employs a seven-day workweek (Sunday through Saturday) and a December...
Q 4.70: Mozer Villa & Spa employs a seven-day workweek (Sunday through Saturday) and a December 31 year-end. Normal weekly wages amount to $76,000. If December 31 is on a Thursday, what is the appropriate adjustment at fiscal year-end?
1) Perimeter Realty Co. pays weekly salaries of $14,800 on Friday for a five-day workweek ending...
1) Perimeter Realty Co. pays weekly salaries of $14,800 on Friday for a five-day workweek ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Wednesday. If an amount box does not require an entry, leave it blank. b. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday. If an amount box does not require an entry,...
Garcia Realty Co, pays weekly salaries of $14,500 on Friday for a five-day workweek ending on...
Garcia Realty Co, pays weekly salaries of $14,500 on Friday for a five-day workweek ending on that day. Joumatre the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday. Refer to the Chart of Accounts for exact wording of accounties. PAGE 1 How does grading work? Score: 7/25 ACCOUNTING EQUATION JOURNAL ASSETS CREDIT LIABILITIES EQUITY POST RDF DERIT DESCRIPTION DATE 1 Adjusting Entries 2
Sail, Inc. pays its workforce on Fridays for a five-day workweek ending on that day. The...
Sail, Inc. pays its workforce on Fridays for a five-day workweek ending on that day. The payroll for a week is $165,000. If the accounting year-end falls on a Tuesday, the adjusting journal entry to record this will include a Multiple Choice debit to Salaries and Wages Expense $165,000. debit to Salaries and Wages Expense $66,000. credit to Salaries and Wages Payable $99,000.
Section 3-ACCRUED EXPENSES (ACCRUED LIABILITIES) Your company has a 5-day workweek with a weekly payroll of...
Section 3-ACCRUED EXPENSES (ACCRUED LIABILITIES) Your company has a 5-day workweek with a weekly payroll of $20,000 distributed each Friday. If an accounting period ends on a Tuesday, the adjusting journal entry is: a Salary Expense 4,000 Salary Payable b. Salary Expense 8,000 Salary Payable 8,000 c. Accrued Salary 8,000 Salary Payable 8,000 d. Deferred Salary 4,000 Salary Payable 4,000 4,000 2. If a company receives a December electric bill for $1,000 and decides to pay it in January a....
Adjusting Entries for Accrued Salaries Garcia Realty Co, pays weekly salaries of $31,500 on Friday for...
Adjusting Entries for Accrued Salaries Garcia Realty Co, pays weekly salaries of $31,500 on Friday for a five-day workweek ending ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday. Salaries Expense Salaries Payable Feedback Check My Work Learning Objective 2 b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday. Salaries Expense Salaries Payable
Every Friday, Neil pays weekly wages of $15,000 to his workers for a five-day week which...
Every Friday, Neil pays weekly wages of $15,000 to his workers for a five-day week which ends on that day. Assuming that the fiscal period ends on a Tuesday, the adjusting entry for accrual of wages recorded by Neil is: Select one: a. debit to Wages Expense for $10,000, credit to Drawing for $10,000. b. debit to Wages Expense for $6,000, credit to Wages Payable for $6,000. c. debit to Drawing for $6,000, credit to Wages Payable for $6,000. d....
KTM Industries pays weekly salaries of $35,000 on Friday for a five-day week ending on that day.
KTM Industries pays weekly salaries of $35,000 on Friday for a five-day week ending on that day. The adjusting entry necessary at the end of the fiscal period ending on Wednesday is debit Salary Expense, $21,000; credit Salaries Payable, $21,000 debit Salaries Payable, $21,000; credit Cash, $21,000 debit Salary Expense, $14,000; credit Dividends. $14,000 debit Dividends. $14,000: credit Cash, $14,000
133. A business pays bi-weekly salaries of $20.000 every other Friday for a ten-day period ending...
133. A business pays bi-weekly salaries of $20.000 every other Friday for a ten-day period ending on that day. The adjusting entry necessary at the end of the fiscal period ending ok the second Wednesday of the pay period, includes a 20000t 10 - 200 a. debit to Salary Expense of $8,000. c. credit to Salary Expense of $16,000 b. debit to Salaries Payable of $8,000 d. credit to Salaries Payable of $16,000 134. A business pays bi-weekly salaries of...
Avalon Amusement Park has a fiscal year ending on september 30. (u from the September 30...
Avalon Amusement Park has a fiscal year ending on september
30.
(u from the September 30 Cor cla en Dulance. AB Avalon Amusement park has a fiscal year ending on September 30. Selected data September 30 worksheet are presented below and on the next page. AVALON AMUSEMENT PARK Worksheet For the Year Ended September 30, 2015 Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Cash 41,400 41,400 18,600 2,200 Prepaid Insurance 31,900 10,900 Land 80,000 80,000 Equipment 120,000 120,000...
Q 4.70: Mozer Villa & Spa employs a seven-day workweek (Sunday through Saturday) and a December 31 year-end. Normal weekly wages amount to $76,000. If December 31 is on a Thursday, what is the appropriate adjustment at fiscal year-end?
Garcia Realty Co, pays weekly salaries of $14,500 on Friday for a five-day workweek ending on that day. Joumatre the necessary adjusting entry at the end of the accounting period, assuming that the period ends (a) on Wednesday and (b) on Thursday. Refer to the Chart of Accounts for exact wording of accounties. PAGE 1 How does grading work? Score: 7/25 ACCOUNTING EQUATION JOURNAL ASSETS CREDIT LIABILITIES EQUITY POST RDF DERIT DESCRIPTION DATE 1 Adjusting Entries 2
Sail, Inc. pays its workforce on Fridays for a five-day workweek ending on that day. The payroll for a week is $165,000. If the accounting year-end falls on a Tuesday, the adjusting journal entry to record this will include a Multiple Choice debit to Salaries and Wages Expense $165,000. debit to Salaries and Wages Expense $66,000. credit to Salaries and Wages Payable $99,000.
Section 3-ACCRUED EXPENSES (ACCRUED LIABILITIES) Your company has a 5-day workweek with a weekly payroll of $20,000 distributed each Friday. If an accounting period ends on a Tuesday, the adjusting journal entry is: a Salary Expense 4,000 Salary Payable b. Salary Expense 8,000 Salary Payable 8,000 c. Accrued Salary 8,000 Salary Payable 8,000 d. Deferred Salary 4,000 Salary Payable 4,000 4,000 2. If a company receives a December electric bill for $1,000 and decides to pay it in January a....
Adjusting Entries for Accrued Salaries Garcia Realty Co, pays weekly salaries of $31,500 on Friday for a five-day workweek ending ending on that day. a. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Wednesday. Salaries Expense Salaries Payable Feedback Check My Work Learning Objective 2 b. Journalize the necessary adjusting entry at the end of the accounting period assuming that the period ends on Thursday. Salaries Expense Salaries Payable
133. A business pays bi-weekly salaries of $20.000 every other Friday for a ten-day period ending on that day. The adjusting entry necessary at the end of the fiscal period ending ok the second Wednesday of the pay period, includes a 20000t 10 - 200 a. debit to Salary Expense of $8,000. c. credit to Salary Expense of $16,000 b. debit to Salaries Payable of $8,000 d. credit to Salaries Payable of $16,000 134. A business pays bi-weekly salaries of...
Avalon Amusement Park has a fiscal year ending on september
30.
(u from the September 30 Cor cla en Dulance. AB Avalon Amusement park has a fiscal year ending on September 30. Selected data September 30 worksheet are presented below and on the next page. AVALON AMUSEMENT PARK Worksheet For the Year Ended September 30, 2015 Adjusted Trial Balance Trial Balance Dr. Cr. Dr. Cr. Cash 41,400 41,400 18,600 2,200 Prepaid Insurance 31,900 10,900 Land 80,000 80,000 Equipment 120,000 120,000...
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