Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
At 30 June 2020, the accountant for Braxton Brewery, Sue Robertson, is preparing the financial statements for the year ended on that date. To calculate the annual leave payable, the accountant had gathered the following information on employee annual salary weeks leave outstanding. 740
Financial accounting Employee Annual salary Weeks leave outstanding
Sue Robertson 130 520 6
Jac Bunter 91 000 3
Xi Chen 71 760 4
Axel Hronky 65 000 4
Noel Kirabi 56 160 1
Jack Gilmore 50 960 5
Required
Problem (a) Calculate the annual leave payable liability for Braxton Brewery as at 30 June 2020 based on a 52-week year.
Problem (b) The balance of the annual leave payable liability before the above calculation was $5310. Show the general journal entry to record the appropriate balance in the Annual Leave Payable account.
Prepare journal entry in the book of Guillen Company to record the changes in the equity of ABC Corporations as a result of the revaluation
A joint arrangement carried on through a separate vehicle will always be classified as a joint venture. How many of the above statements are true
Wholesale Hardware Consultants purchased a building for 620,000 and depreciated it on a? straight-line basis over a 25?-year period. The estimated residual value is $120,000. Starting with the 16th? year, Wholesale began depreciating the building ove..
In order to obtain full replacement? coverage, how much insurance should Jerry carry on his? house?
Imagine you are an Emeritus Professor at Monash University. Explain why you propose granting stock options to the managers of Tempest Security
If Shorty puts the money in an account that pays 9% interest compounded monthly, how many months must Shorty wait until he has $142.
Find What the total dollar values that Easton Company should record for the Unrealized Gain or (Loss) on Trading Securities for 2018?
Morrison Oil and Gas Company's chief financial analyst is Samuel (Sam) Crawford. Sam completed his analysis, suggesting that the investment is indeed a good one for the company, and presented it to the firm's executive committee. The executive com..
Calculate the net present value with a required return of 8%, an initial investment of $45,000, and cash flows of $12,000; $20,000, $10,000, and $6,000
Whitney Company has just completed its first year of operations. The company's accountant has prepared an absorption costing income statement for the year as seen below: Sales (35,000 units at $25) $875,000 Beginning Inventory 0 Cost of Goods Manufac..
To the firm, the use of debt capital can be risky (debt versus equity), while for the investor, the opposite is the case. Why do you suppose this is the case?
Contrast the three different working capital policies. Which policy would you consider introducing if wanted a venture predicted profitability to be higher?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd