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Righting Irish Incorporated pays its employees $4.480 every two weeks ($320/dayThe current two-week pay period ends...
Fighting Irish Incorporated pays its employees $3,500 every two weeks ($250/day). The current two week pay...
Fighting Irish Incorporated pays its employees $3,500 every two weeks ($250/day). The current two week pay period ends on December 28, 2021, and employees are paid $3,500. The next two week pay period ends on January 11, 2022, and employees are paid $3,500. Required: 1. Record the adjusting entry on December 31, 2021. 2. Calculate the 2021 yearend adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0). Complete this question by entering...
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...
2.On January 1, 2021, Poplar Fabricators Corporation agreed to grant its employees two weeks of vacation...
2.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. Seven 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,...
Sandler Company completed the following two transactions. The annual accounting period ends December 31. On December...
Sandler Company completed the following two transactions. The annual accounting period ends December 31. On December 31, calculated the payroll, which indicates gross earnings for wages ($450,000), payroll deductions for income tax ($47,000), payroll deductions for FICA ($39,000), payroll deductions for United Way ($5,900), employer contributions for FICA (matching), and state and federal unemployment taxes ($3,900). Employees were paid in cash, but payments for the corresponding payroll deductions have not been made and employer taxes have not yet been recorded....
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,...
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. Seven 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,...
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 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....
Fighting Irish Incorporated pays its employees $3,500 every two weeks ($250/day). The current two week pay period ends on December 28, 2021, and employees are paid $3,500. The next two week pay period ends on January 11, 2022, and employees are paid $3,500. Required: 1. Record the adjusting entry on December 31, 2021. 2. Calculate the 2021 yearend adjusted balance of Salaries Payable (assuming the balance of Salaries Payable before adjustment in 2021 is $0). Complete this question by entering...
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...
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. Seven 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,...
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:
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....
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