Homework Answers
Answer : Option B
Salaries Payable $4600
Cash $4600
Option b aalaries payable debit to cash credit is the correct answer if you dont reverse the entries.
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An adjusting entry was made on year-end December 31 to accrue salary expense of...
An adjusting entry was made on year-end December 31 to accrue salary expense of $1.200. Assuming...
An adjusting entry was made on year-end December 31 to accrue salary expense of $1.200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $3,000 payment of salaries in January of the following year?
An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming...
An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $7,000 payment of salaries in January of the following year? Multiple Choice 0 salaries Expens 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000 3,200 Salaries Payable Cash 3,200 3,200 Salaries Expense Salaries Payable 3,200 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000...
pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870...
pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870 for salaries. On January 4 2022, it paid salaries of $3,140: $1,870 for December salaries and $1,270 for January salaries. port Your answer is correct. Prepare the December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account...
At December 31, 2021. Carla Vista Company made an accrued expense adjusting entry of $1.610 for salaries
At December 31, 2021. Carla Vista Company made an accrued expense adjusting entry of $1.610 for salaries. On January 4, 2022, it paid salaries of $2,790: $1610 for December salaries and $1,180 for January salaries.Prepare the December 31 adjusting entry.Prepare the December 31 closing entry for salaries.Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries.
At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries....
At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 2022. It paid salaries of $3,140: $1,820 for December salaries and $1,320 for January salaries. Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter...
Silicon Chip Company's fiscal year-end is December 31. At the end of 2018, it owed employees...
Silicon Chip Company's fiscal year-end is December 31. At the end of 2018, it owed employees $24,000 in salaries and wages that will be paid on January 7, 2019. Required: 1. Prepare an adjusting entry to record accrued salaries and wages, a reversing entry on January 1, 2019, and an entry to record the payment of salaries and wages on January 7, 2019. (If no entry is required for a transaction/event, select "No journal entry required" in the first account...
Assume the company does use reversing entries. Prepare the December 31 adjusting entry, the January 1...
Assume the company does use reversing entries. Prepare the
December 31 adjusting entry, the January 1 reversing 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 presented in the problem.)
Your answer is correct. Assume the company does not use reversing entries. Prepare the December 31 adjusting entry and the entry on Monday, January 6, when...
Manhattan Company recorded an adjusting entry to accrue interest owed of $1300 as of December 31,...
Manhattan Company recorded an adjusting entry to accrue interest owed of $1300 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $2450 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry.) Select one: a. Interest expense 1150 Interest payable 1300 Cash 2450 b. Interest expense 1150 Cash...
At December 31, 2021, Blossom Company made an accrued expense adjusting entry of $1,850 for salaries....
At December 31, 2021, Blossom Company made an accrued expense
adjusting entry of $1,850 for salaries. On January 4, 2022, it paid
salaries of $3,180: $1,850 for December salaries and $1,330 for
January salaries.
At December 31, 2021, Blossom Company made an accrued expense adjusting entry of $1,850 for salaries. On January 4, 2022, it paid salaries of $3,180: $1,850 for December salaries and $1,330 for January salaries.
At December 31, 2021, Crane Company made an accrued expense adjusting entry of $1,800 for salaries
At December 31, 2021, Crane Company made an accrued expense adjusting entry of $1,800 for salaries. On January 4, 2022. it paid salaries of $2,830: $1,800 for December salaries and $1,030 for January salaries. Prepare the December 31 adjusting entry. Prepare the December 31 closing entry for salaries.
An adjusting entry was made on year-end December 31 to accrue salary expense of $1.200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $3,000 payment of salaries in January of the following year?
An adjusting entry was made on year-end December 31 to accrue salary expense of $3,200. Assuming the company does not prepare reversing entries, which of the following entries would be prepared to record the $7,000 payment of salaries in January of the following year? Multiple Choice 0 salaries Expens 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000 3,200 Salaries Payable Cash 3,200 3,200 Salaries Expense Salaries Payable 3,200 7,000 Salaries Expense Cash 7,000 7,000 Salaries Payable Cash 7,000...
pel Progress At December 31, 2021, Sheridan Company made an accrued expense adjusting entry of $1,870 for salaries. On January 4 2022, it paid salaries of $3,140: $1,870 for December salaries and $1,270 for January salaries. port Your answer is correct. Prepare the December 31 adjusting entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account...
At December 31, 2021, Pharoah Company made an accrued expense adjusting entry of $1,820 for salaries. On January 4, 2022. It paid salaries of $3,140: $1,820 for December salaries and $1,320 for January salaries. Prepare the January 1 reversing entry and the January 4 journal entry to record the payment of salaries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter...
Assume the company does use reversing entries. Prepare the
December 31 adjusting entry, the January 1 reversing 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 presented in the problem.)
Your answer is correct. Assume the company does not use reversing entries. Prepare the December 31 adjusting entry and the entry on Monday, January 6, when...
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adjusting entry of $1,850 for salaries. On January 4, 2022, it paid
salaries of $3,180: $1,850 for December salaries and $1,330 for
January salaries.
At December 31, 2021, Blossom Company made an accrued expense adjusting entry of $1,850 for salaries. On January 4, 2022, it paid salaries of $3,180: $1,850 for December salaries and $1,330 for January salaries.
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