On December 31, 2016, $300 of salaries has been accrued. (Salaries before accrued amount totalled $26,000.) The
Question:
On December 31, 2016, $300 of salaries has been accrued. (Salaries before accrued amount totalled $26,000.) The next payroll to be paid will be on February 3, 2017, for $6,000. Do the following:
a. Journalize and post the adjusting entry (use T accounts).
b. Journalize and post the reversing entry on January 1.
c. Journalize and post the payment of the payroll. Cash has a balance of $15,000 before the payment of payroll on February 3, 2017.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
Dec Jan 2016 31 Salaries Expense Accrued Salaries Payabl...View the full answer
Answered By
Larlyu mosoti
I am a professional writer willing to do several tasks free from plagiarism, grammatical errors and submit them in time. I love to do academic writing and client satisfaction is my priority. I am skilled in writing formats APA, MLA, Chicago, and Harvard I am a statistics scientist and I can help out in analyzing your data. I am okay with SPSS, EVIEWS, MS excel, and STATA data analyzing tools.
Statistical techniques: I can do linear regression, time series analysis, logistic regression, and some basic statistical calculations like probability distributions. . I'm ready for your working projects!
Services I would offer:
• Academic writing.
• Article writing.
• Data entry.
• PDF conversion.
• Word conversion
• Proofreading.
• Rewriting.
• Data analyzing.
The best reason to hire me:
- Professional and Unique work in writing.
- 100% satisfaction Guaranteed
- within required time Express delivery
- My work is plagiarism Free
- Great communication
My passion is to write vibrantly with dedication. I am loyal and confident to give my support to every client. Because Client satisfaction is much more important to me than the payment amount. A healthy client-contractor relationship benefits in the longer term. Simply inbox me if you want clean work.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 978-0133133233
12th Canadian edition
Authors: Jeffrey Slater, Brian Zwicker
Question Posted:
Students also viewed these Cost Accounting questions
-
On December 31, 2012, $290 of salaries has been accrued. (Salaries before the accrued amount totaled $28,000.) The next payroll to be paid will be on February 3, 2013, for $5,700. Please do the...
-
On December 31, 2012, $330 of salaries has been accrued. (Salaries before the accrued amount totaled $28,500.) The next payroll to be paid will be on February 3, 2013, for $6,400. Please do the...
-
On December 31, 2012, $300 of salaries has been accrued. (Salaries before the accrued amount totaled $24,000.) The next payroll to be paid will be on February 3, 2013, for $6,300. Please do the...
-
(a) Show that the neutral pion cannot be composed solely of any pair of quarks in which one is an up quark (or an anti-up quark) and one is a down quark (or an anti-down quark). (b) According to...
-
Express the function in the form f o g o h. 51. H(x) = 1 - z 53. H(x) = sectT) 52. H(x) = X - 1
-
A fair triangular spinner with sides numbered 1, 2 and 3 is spun three times and the numbers that it comes to rest on are written down from left to right to form a three-digit number. a. How many...
-
For the balance sheet for Bethesda Imaging, shown in Table 2.6, identify three financial ratios that might be of interest to an investor in the company. What do the 5 -year trends for the ratios...
-
The following relative frequency ogive represents the lengths of a random sample of tornadoes in the United States. (a) What is the class width? (b) Approximately 92% of all tornadoes are less than...
-
Cullumber Company reported the following amounts for May: Raw materials purchased $257000 Beginning raw materials inventory 12300 Ending raw materials inventory 8200 Direct labor incurred 54000...
-
You are considering buying gifts for a pair of friends. Both truly enjoy video gaming. However, both have reduced their budget on these items because of the temptation that they can cause. Dana is...
-
Allan Co. had the following balances on December 31, 2015: The accountant for Allan has asked you to make an adjustment since $500 worth of janitorial services have just been performed for customers...
-
From the following account information, prepare an income statement cost of goods sold section in proper form: Freight-In, $400; Merchandise Inventory, 12/31/17, $9,500; Purchases Discounts, $800;...
-
Davidson ("Update on Ozone Trends in California's South Coast Air Basin," Air and Waste, 43, 226, 1993) studied the ozone levels in the South Coast Air Basin of California for the years 1976-1991. He...
-
How do advances in high-throughput sequencing technologies and computational genomics facilitate the identification of genetic variants associated with complex traits and diseases, and what are the...
-
Explain the difference between a checking and savings account Compare different savings vehicles such as a savings account, CD, and money market account Identify important criteria to consider when...
-
Psychology is often considered a personal journey to truth. Habenicht (2000) discusses how psychology can often be a mingling of truth and error. How does this idea compete with or complement your...
-
Create an informal blog post about your personal experience using savings accounts to successfully save money. What are the benefits of starting early, and what kind of savings accounts can you open?...
-
What are the physiological adaptations of respiratory systems in diverse organisms, such as mammals, birds, and insects, and how do these adaptations optimize oxygen uptake, distribution, and...
-
Solve the inequality in terms of intervals and illustrate the solution set on the real number line. x 3 + 3x < 4x 2
-
For the following exercises, write the polynomial function that models the given situation. Consider the same rectangle of the preceding problem. Squares of 2x by 2x units are cut out of each corner....
-
In question 5 above, if the custodian decided to raise the level of petty cash to $100, what would be the journal entry to replenish?
-
From the following information, construct a bank reconciliation for Faith Co. as of July 31, 2013. Then prepare journal entries if needed. Ending G/L Cash balance $445 Ending bank statement balance...
-
In general journal form, prepare journal entries to establish a petty cash fund on July 2 and replenish it on July 31. 2012 July A $100 petty cash fund is established. At the end of the month, $12...
-
Jamie Lee is attracted to the low monthly payment advertised for a vehicle lease. She may well be able to afford a more expensive car than she originally thought. Jamie Lee really needs to think this...
-
Explain virtual hosting and how to use either name-based or IP-based virtual hosting.?
-
Discuss the role of literary allusion in satire as a means of subverting conventions and critiquing societal norms.
Study smarter with the SolutionInn App