What is the march adjusting entry for accrued wages

Assignment Help Financial Accounting
Reference no: EM132898865

Question 1: On Tuesday March 31, the Zenox Company had accrued wages of $2,000. Friday, April 3, Zenox paid employee wages of $5,000 for the week. What is the March 31 adjusting entry for accrued wages?

Reference no: EM132898865

Questions Cloud

Legislation for controlling air pollution : In the United States the key federal legislation for controlling air pollution is the Clean Air Act. The Clean Water Act is also administered by the states in a
Create use-case model diagrams : Create the use-case model diagrams for the three subjects you have identified.
What waterway should report cash of : Restricted cash in a separate account of $3350, and a bank overdraft in an account at another bank of $1750. Waterway should report cash of
Management lab personal inventory assessment : Strategies for Handling Conflict results from My Management Lab Personal Inventory Assessment. List your team member's results and your own.
What is the march adjusting entry for accrued wages : What is the March 31 adjusting entry for accrued wages? Zenox Company had accrued wages of $2,000. Friday, April 3, Zenox paid employee wages of $5,000
Describe importance of data in analytics : How do you describe the importance of data in analytics? Can we think of analytics without data? Explain.
Foundation of human resources management : What are the two reasons why job analysis is often described as the foundation of human resources management and what are the examples?
How much would benefit in after-tax dollars : In the current year, How much would she benefit in after-tax dollars by choosing this compensation package instead of the alternative package?
Calculate the arithmetic mean age of the senior citizens : a. Calculate the arithmetic mean age of the senior citizens to the nearest hundredth of a year.

Reviews

Write a Review

Financial Accounting Questions & Answers

  What are intrinsic value of stock d and g

The companies are equally risky and their require rate of return is 15 per cent. D constant growth rate is zero and G is 8.33 percent.

  Describe why the interest rate for the loan

Describe why the interest rate for the loan that needs a review report is lower than that for the loan that did not require a review. Describe why the interest rate for the loan that needs an audit report is lower than the interest rate for the ot..

  1 why might a company want to reduce its cash conversion

1. why might a company want to reduce its cash conversion cycle? consider the financial statement implication of

  Discuss the issue of measurement and provide examples

HA3011: Advanced Financial Accounting-Holmes Institute Australia-As fundament qualitative characteristics state your understanding of relevance.

  Compute the current break even sales

Currently the unit selling price of a product is $125, the unit variable cost is $105, and the total fixed costs are $460,000. a proposal is being evaluated to increase the unit selling price to $130. compute the current break even sales (units) comp..

  Prepare journal entries to record the preceding information

At the end of 2017 Corbin Company's common stock was trading on the market at $93 per share, and Petro's common stock had a market price.

  Compute cost of goods sold under each method of inventory

Compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected fr..

  Equivalent unit for materials and conversion costs

At the start of November, Penco Refinery had Work in Process inventory consisting of 4,500 units that were 70 percent complete with respect to materials and 60 percent complete with respect to conversion costs. Calculate the cost per equivalent unit ..

  Commercialism vs professionalism in accounting profession

Discuss the issue of commercialism versus professionalism in the accounting profession with respect to thechanges in the rules of conduct described in the case. Do you think these changes are good or bad for theprofession? For the public?

  What is the length of the firms cash conversion cycle

Accounts payable is 45 days, and the average age of inventory is 72 days. Assuming a 360-day year, what is the length of the firm's cash conversion cycle?

  Prepare a schedule of expected cash collections

The president of the retailer Prime Products has just approached the company’s bank with a request for a $30,000, 90-day loan. The purpose of the loan is to assist the company in acquiring inventories. Prepare a schedule of expected cash collections ..

  Raymond manufacturing faces a liquidity crisis-it requires

raymond manufacturing faces a liquidity crisis-it requires a loan of 100000 for 1 month. having no source of additional

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!

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