Normally paid on fridays for work completed

Assignment Help Accounting Basics

Reference no: EM131116868

Pablo Management has five part-time employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2013. The next week, the five employees worked only four days because New Year's Day was an unpaid holiday.

a. Prepare the adjusting entry that would be recorded on Monday, December 31, 2013.

Reference no: EM131116868

Questions Cloud

Develop a survey proposal for the research question : For this Application Assignment, you draft an abbreviated survey proposal for the research question you are examining for your Final Project. To prepare, consider the population you might potentially survey, the questions you would like to include..

Find the slip and the rotor frequency at full load : Find the slip and the rotor frequency at full load.

Problem regarding the necessity good : "Technlogogical advances make the manufacturing of mobile phones much cheaper for manufacturers. Incomes are rising slightly, and mobile phones are a necessity good. From this information we conclude that the price of mobile phones must go up"

Explain the meaning of the following terms : Explain the meaning of the following terms: (a) Common size analysis, (b) Vertical analysis, (c) Horizontal analysis,(d) Percentage analysis.

Normally paid on fridays for work completed : Pablo Management has five part-time employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2013. The next week, the fi..

Demand and supply graph to shift : Intuitively, implementation of this tax will cause which curve in our demand and supply graph to shift? Explain the direction of this shift and how this shift will impact equilibrium price and equilibrium quantity in this market once the excise ta..

Explain any sampling or other audit work that could be done : Explain any sampling or other audit work that could be done, and if you would recommend the company pursue this additional work. Justify your response.

How did nationalism come to be such a global force : Just a few hundred years ago, most people didn't strongly identify with the nation of which they are apart. In this discussion area, let's try to identify the main reasons that changed. How did nationalism come to be such a global force? What chan..

Externality present in the market : How do you think we can accurately calculate the impact of an externality present in the market after watching this video?

User Account

All Pages