User Account

All Pages

What adjusting entry would need to be made

Assignment Help Accounting Basics
Reference no: EM132830820

Problem 1: Learning Library Inc pays its full-time librarian $5,000 every Friday for working a Monday to Friday work week. For the year 2020, the company's year-end falls on a Tuesday. What adjusting entry would need to be made related to accrued salaries?

a. credit to salary expense for $2,000

b. debit to salary expense for $2,000

c. Debit to salary payable for $3,000

d. credit to salary payable for $5,000

Reference no: EM132830820

Questions Cloud

Which will be recorded in the month of november : Which will be recorded in the month of November? Princess Pencils Inc incurred salaries in the month of November but will only make payment in December.
What is the value of a share of p noel stock : P. Noel Company's common stock has just paid a $2.00 dividend. If investors believe that the expected rate of return on P. Noel is 14% and that dividends
Evaluating information systems within your work environment : What role do nurses have in selecting and evaluating information systems within your work environment? What strategies facilitated implementation.
Advantages and disadvantages of an entrepreneurship : Discuss what are some of the advantages and disadvantages of an entrepreneurship?
What adjusting entry would need to be made : For the year 2020, the company's year-end falls on a Tuesday. What adjusting entry would need to be made related to accrued salaries?
What is your basis for depreciation : The county indicates the FMV of the house is $250,000 and the land is $100,000. What is your basis for depreciation
Describe marketing exchange relationship : Describe the marketing exchange relationship that exists between Southwest Airlines and its customers.
About managing manufacturing floor : You have learned that operations management is not just about managing a manufacturing floor,
What are the risks and benefits of the fda-approved medicine : Explain the risk assessment you would use to inform your treatment decision making. What are the risks and benefits of the FDA-approved medicine?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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