User Account

All Pages

How much would be reported as wages expense

Assignment Help Financial Accounting
Reference no: EM132962849

Question - During 2020 the Style Hairdressing Salon paid out $41 000 in wages from its bank account. At year-end 2020 wages owing but unpaid were $2400. The salon uses accrual accounting. How much would be reported as wages expense for 2020?

Reference no: EM132962849

Questions Cloud

What journal entry for the disposal of investment property : The accumulated depreciation of the investment property is RM110,000. The journal entry for the disposal of the investment property on 1 June 2021 is
Compute the intrinsic value and dividend yield : The discount rate is 15%, compounded monthly. Compute the intrinsic value and dividend yield of the stock, which is priced at $38.50 today
Entrepreneurial status a meta-analytical review : What is the summary of the article "The Big Five Personality Dimensions and Entrepreneurial Status a Meta-Analytical Review" written by Hao Zhao and Scott E. Se
Basic language based skills in interpersonal communication : What is the basic language- based skills in interpersonal communication, business etiquette and relationship- building in workplace must a person have
How much would be reported as wages expense : At year-end 2020 wages owing but unpaid were $2400. The salon uses accrual accounting. How much would be reported as wages expense for 2020
How great things bhd shall account for the transfer of use : The fair value of the office building as at the date of change in use is RM2,250,000. How Great Things Bhd shall account for the transfer of use?
What the journal entries of ais kepal bhd as at december : Ais Kepal Bhd to adopt the fair value model to account for its investment properties. The journal entries of Ais Kepal Bhd as at 31 December 2020
Briefly explain why these restrictions were put into place : Briefly explain why these restrictions were put into place. List four types of services that are prohibited by the act
Concepts of substantive and procedural fairness : John works as an analyst for ECH holdings. One morning he is asked by his manager to deliver a parcel to a client in town using the company car. While on route,

Reviews

Write a Review

Financial Accounting Questions & Answers

  Which option has a lower effective annual rate of interest

If you need $380,000 in financing at the beginning of the year and plan to pay it back at the end of the year, which option has a lower effective annual rate

  Determine the amount of depletion expense for current year

Hidden Hollow Mining Co. acquired mineral rights for $124,000,000. Determine the amount of depletion expense for the current year.

  Make series of quarterly deposits every quarter starting

You make a series of quarterly deposits every quarter starting at the end Quarter 1 and ending at the end of Quarter 30. The first deposit is $2,000 (annuity),  and each deposit increases by $100 each Quarter (gradient). The nominal annual interest r..

  Which product will john choose and why

How can Elmo's change its reward system to have John consistently make decisions which are consistent with top management's wishes? Which product will John choose? Why?

  Name the method used to account for a subsidiary

Name the method used to account for a subsidiary. What is the shareholding (%) a parent company must have for the entities Investment

  Role in changing depreciation methods

ACC701 Financial Accounting Assignment Question. In your response highlight ethics & governance, accountant's role in changing depreciation methods, stakeholders and the impact of AASB116

  What is cost of goods sold for metlock

Ending inventory consists of 27 units from each of the three purchases and 9 units from the November 1 inventory, cost of goods sold is?

  Cathy steals the note from bob

Allan makes a promissory note for $1000 payable to the order of Bob. Cathy steals the note from Bob, indorses (forgets) Bob's name on the back, and gives it to David, in exchange for a TV set. David negotiates the note for value to Emma.

  Should still accept the lump-sum offer

As a settlement in an automobile injury lawsuit, If Robyn could invest the settlement at 8% interest, should she still accept the lump-sum offer? Why?

  Why corporations issue stocks

Why corporations issue stocks. Are corporations required to pay dividends? Explain. Why do corporations pay dividends? What are retained earnings

  Strata analysis for open invoices

As CFO, verbally describe in a narrative whether there are any things Ramsey PO Clerks should be looking out for or doing better in their data entry and as CFO, verbally describe in a narrative what each of these strata charts show and how they ca..

  What estimate of the stock required rate of return

What would you conclude about either your estimate of the stock's required rate of return or the CFO's estimate of the company's Return on Equity?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd