User Account

All Pages

What journal entry is made on friday

Assignment Help Accounting Basics
Reference no: EM132479750

Accrued Wages

Skiles Company's weekly payroll amounts to $15,000, and payday is every Friday. Employees work 5 days per week, Monday through Friday. The appropriate journal entry was recorded at the end of the accounting period, Tuesday, December 31, 2019.

Required:

Question 1: What journal entry is made on Friday, January 3, 2020? If an amount box does not require an entry, leave it blank.

Jan. 3 Wages Payable                6,000

Wages Expense                         9,000

Cash                                      15,000

Reference no: EM132479750

Questions Cloud

Prepare a statement of revenues : Prepare A statement of revenues, expenditures, and changes in fund balance for the Ponce de Leon Fountain Endowment Fund for the year ended
Discuss how climate change can impact australia : Discuss how climate change can impact Australia's exports in general. Outline three things you think individual Australians can do to reduce the impact
Integrate critical thinking and judgment : Demonstrate effective verbal, written, and technological communication using legal and ethical standards for transferring knowledge using success resources
Effect of the higher minimum wage on the quantity : In the market for low-skilled workers, illustrate the effect of the higher minimum wage on the quantity of labour employed. Does the change in employment
What journal entry is made on friday : What journal entry is made on Friday, January 3, 2020? If an amount box does not require an entry, leave it blank.
The curious case of daraprim : In August 2015, Turing Pharmaceuticals raised the price of Daraprim from $13.30 a tablet to $750, an increase of 5,456 percent (Over and Silverman 2015).
Journalize the transactions for torrie corporation : Prepare the shareholders' equity section of the balance sheet. Torrie has a December 31 year-end. Journalize the transactions for Torrie Corporation.
Money instead of investing the money and earning : During a year of operation, a firm collects $550,000 in revenue and spends $200,000 on labor expense, raw materials, rent, and utilities.
Prepare income statement and statement of retained earnings : Determine and Prepare the income statement and statement of retained earnings for GlaxonSmith for the year ended December 31, 2021.

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