What was the ending balance in accrued wages

Assignment Help Accounting Basics
Reference no: EM131822351

Question: Cash Paid to Employees Harlem Tool & Die reported wage and salary expenses of $155,000 on its 20X1 income statement. It reported cash paid to employees of $136,000 on its statement of cash flows. The beginning balance of accrued wages and salaries payable was $8,000. What was the ending balance in accrued wages and salaries payable? Ignore payroll taxes.

Reference no: EM131822351

Questions Cloud

What amount of cash did Harlem pay to suppliers : Cash Paid to Suppliers Cost of goods sold for Harlem Tool & Die during 20X1 was $400,000. Beginning inventory was $64,000 and ending inventory was $89,000.
Why stakeholders have radically different worldviews : Why Stakeholders have radically different worldviews and different frames for understanding the problem.
What was cash inflow or outflow from investing activities : In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information
Conduct a hypothesis test to determine : Conduct a hypothesis test to determine if the mean length of jail time has increased. The distribution of the population is normal. Is this a test of means or
What was the ending balance in accrued wages : Cash Paid to Employees Harlem Tool & Die reported wage and salary expenses of $155,000 on its 20X1 income statement. It reported cash paid to employees.
Identify the various types of pain : J.P. is a 15 year old African American adolescent who was diagnosed with sickle cell disease 3 years ago. Identify the various types of pain
Explain what approaches organizations can take to motivate : Identify the work that you have chosen, and describe the way in which the composition expresses the specific qualities of the Classical music style.
Suppose risk of company changes based on internal event : Suppose the risk of the company changes based on an internal event how do you recalculate the present value of the company?
What is the error bound : The sample mean is 13.30 with a sample standard deviation of 1.55. Assume the underlying population is normally distributed. What is the error bound?

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.

  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!

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