User Account

All Pages

Journalize the adjusting entry to record accrued salaries

Assignment Help Accounting Basics
Reference no: EM132807965

Prior to adjustment on August 31, Salaries Expense has a debit balance of $292,360. Salaries owed but not paid as of the same date total of $2,760.

Problem a. Journalize the adjusting entry to record accrued salaries as of August 31. If an amount box does not require an entry, leave it blank.

Problem b. Indicate the amount at which Salaries Expense would be included in the closing entry on August 31 and whether it would be a debit or credit.

Reference no: EM132807965

Questions Cloud

You think hypothesis testing contributes : What value do you think hypothesis testing contributes to the presentation and analysis of research data
Calculate the copy department costs allocated to sales : Assuming copies were made during the year, 2,721,000 for sales and 2,457,750 for administration, calculate the copy department costs allocated to sales.
How the function of homeland security : Explain, as specifically as possible, how the function of homeland security is managed at the state and local levels.
What is the labour rate variance for the month : What is the labour rate variance for the month? Standard labour hours per unit of output8.10 hours. Standard labour rate£14.40 per hour
Journalize the adjusting entry to record accrued salaries : Indicate the amount at which Salaries Expense would be included in the closing entry on August 31 and whether it would be a debit or credit.
Difference in checks and balances and separation of powers : Explain the difference between checks and balances and the separation of powers, and explain why they are important to our democracy.
Show a statement of retained earnings for the year : If Myron Corporation was a publicly-traded corporation, would it still show a Statement of Retained Earnings? If not, what statement would it prepare instead?
The purpose of making assertion : How true was the assertion? What might be the purpose of making the assertion?
Compute the direct materials quantity variance for the month : Compute the direct materials quantity variance for the month. Huron Company produces a commercial cleaning compound known as Zoom.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute the cost of each tube of lipstick

Mary Cosmetics sells specialty lipstick for a retail price of $12.25 each. Compute the cost of each tube of lipstick. Round your answer to two decimal places

  Hill industries for merchandise inventory

Swain Enterprises issues a 60-day note for $800,000 to Hill Industries for merchandise inventory. Hill Industries discounts the note at 6%. Assume a 360-day year.

  Identify and explain business legal requirements

Question - Identify and explain business legal requirements relating to delegated authorities, reporting periods and taxation payment timings

  Evaluate total materials variance for bowie sporting

Bowie, Evaluate total materials variance and round to the nearest whole dollar. Enter a favorable variance as a negative number. Enter an unfavorable variance

  Determine tammy net tax payable or refundable

PAYG tax of $9,035 was withheld by her employer. Determine Tammy's net tax payable or refundable for the 2017/18 tax year

  The following information relates to california coffee

the following information relates to california coffee beans for 2007 net income 724.210 million unrealized holding

  Question 1 bilton company reported net income of 30000 for

question 1. bilton company reported net income of 30000 for the year. during the year accounts receivable increased by

  Compute return on investment in terms of margin and turnover

Meiji Isetan Corp. of Japan has two regional divisions. For each division, compute the return on investment (ROI) in terms of margin and turnover.

  Engco a domestic corporation produces industrial engines at

engco a domestic corporation produces industrial engines at its u.s. plant for sale in the united states and canada.

  Prepare a bank reconciliation as of April

A deposit of $9,275, representing receipts of April 30, had been made too late to appear on the bank statement. Prepare a bank reconciliation as of April 30

  What is the amount of bad debt expense for the current year

Allowance for Doubtful Accounts has a debit balance of $1,500 in the trial balance. What is the amount of bad debt expense for the current year

  The tyus company has provided the following data for the

the tyus company has provided the following data for the month of july raw materials july 1 15000 july 31 ? work in

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