Journalize , Accounting Standards

Assignment Help:
JWS Transport Company’s employees earn vacation time at the rate of 1 hour per 40-hour work period. The vacation pay vests immediately (that is, an employee is entitled to the pay even if employment terminates). During 2013, total wages paid to employees equaled $404,000, including $4,000 for vacations actually taken in 2013 but not including vacations related to 2013 that will be taken in 2014. All vacations earned before 2013 were taken before January 1, 2013. No accrual entries have been made for the vacations. No overtime premium and no bonuses were paid during the period.

Related Discussions:- Journalize

IMPACTS OF ACCOUNTING , WHAT ARE THE AIMS AND OBJECTIVES IN STUDYING THE IM...

WHAT ARE THE AIMS AND OBJECTIVES IN STUDYING THE IMPACTS OF ACCOUNTING STANDARDS IN THE PREPARATION OF FINANCIAL STATEMENTS

Accounting concepts, Accounting Concepts: The dual aspect principl...

Accounting Concepts: The dual aspect principle has specific relevance to balance sheet. According to this principal, every transaction is concerned as one that has dual ef

Machine installments.., i buy machine 70% cash 30% installments.i have char...

i buy machine 70% cash 30% installments.i have charged 100% cost to asset and capital so when i pay first installment i debit installment expense and credit bank so my question is

Issue of shares, What take place in a rights issue of shares? 1. Any pre...

What take place in a rights issue of shares? 1. Any premium on issue is added to a capital reserve. 2. Any type of premium on the issue is added to a revenue reserve. 3. A

Question, How long after payment will it take to get a response#question?

How long after payment will it take to get a response#question?

Development costs in its financial statements , AB Limited is a manufacturi...

AB Limited is a manufacturing entity that runs a number of operations including a bottling plant that bottles carbonated soft drinks. AB has been developing a new bottling process

Standards at international level, Standards at International Level: In vie...

Standards at International Level: In view of the development of international trade and multinational enterprises, the requirement for standardization at the international level w

Interpretation on AS 13, i need guidance note, expert advisory help or cont...

i need guidance note, expert advisory help or contoveries on AS 13

Ans, #questionThe book of Deven Verma could not be tallied. The accountant ...

#questionThe book of Deven Verma could not be tallied. The accountant transferred the difference of Rs. 1,270 in the suspense account on the debit side. The following mistakes were

Define economic and financial decisions, Q. Define Economic and financial d...

Q. Define Economic and financial decisions? You most likely will find that of all the business knowledge you have acquired or will learn the study of accounting will be the mos

Write Your Message!

Captcha
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