Salaries of $5,000 have been earned by employees by the end of the period but will not
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 90% (11 reviews)
This is an example of an accrued expense an expense incurred during the current per...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Question Posted:
Students also viewed these Accounting questions
-
how would wages earned that have not yet been paid at the end of the year be recorded in the adjustments section of the end of the period spreadsheet
-
Why is depreciation expense recorded each accounting period on depreciable assets?
-
How are employees who do not have bank accounts paid by an employer who uses an electronic funds transfer system for payroll?
-
Scott incorporates his sole proprietorship as Superior Corporation and transfers its assets to Superior in exchange for all 100 shares of Superior stock and four $7,500 interest-bearing notes. The...
-
The Williamson ether synthesis involves the displacement of an alkyl halide or tosylate by an alkoxide ion. Would the synthesis shown be possible by making a tosylate and displacing it? If so, show...
-
Why do chemical bonds form? What basic forces are involved in bonding?
-
Mara Ltd is an Australian company. The functional currency of Mara Ltd is A$. It has reporting periods ending on 31 December and 30 June. During the year ended 30 June 2024, Mara Ltd entered into...
-
Pine Company had the following assets on January 1, 2017. During 2017, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for...
-
(a) A mutual fund raised Rs. 150 lakhs on April 1, 2018 by issue of 15 lakh units at Rs. 10 per unit. The fund invested in several capital market instruments to build a portfolio of Rs. 140 lakhs,...
-
The trial balance of Canton Air Purification System at December 31, 2012, and the data needed for the month-end adjustments follow. Adjustment data at December 31 follow: a. Unearned service revenue...
-
How does commercial paper differ from a bank loan? Why is the interest rate often less for commercial paper?
-
Under what conditions should an employer accrue an expense and the related liability for employees compensation for future absences? How do company custom and practice affect the accrual decision?
-
f (x) = 2x 4. If f (x) = 8 then x =
-
Shannon contracts with Dan to build two houses on two lots. After the first house is finished, they decide to build a garage instead of a house on the second lot. Under these circumstances, a. they...
-
Doug has been drinking heavily. Joe offers to buy Dougs farm for a fair price. Believing the deal is a joke, Doug writes and signs an agreement to sell and gives it to Joe. Joe believes the deal is...
-
First Bank loans money to Kosum, a sixteen-year-old minor. Kosum must repay the loan a. if the loan is made for the express purpose of buying necessaries. b. if First Bank makes sure the money is...
-
RiotGear promises to donate a share of the proceeds from the sale of the Occupy Earth/Global Movement line to The Cause, a charitable organization dedicated to supporting those who seek social and...
-
Cobb and Roberts submit their dispute to binding arbitration. A court can set aside the arbitrators award if a. Cobb is not satisfied with the award. b. Roberts is not satisfied with the award. c....
-
Which of the following reactions is described by the equilibrium constant expression [A]x [B] [C]X [D] Keq (a) A2+B3 (b) 2A + 3B 3C + 2D (c) 3C + 2D2A + 3B (d) A+ B C + D (e) 2C + 3D 3A + 2B C3 + D
-
Time Solutions, Inc. is an employment services firm that places both temporary and permanent workers with a variety of clients. Temporary placements account for 70% of Time Solutions' revenue;...
-
Use the following information to answer question. An investor recorded the performance of stock mutual funds during the last 3 years. He classified the stock mutual funds into three categories,...
-
Define cost as applied to the valuation of inventories.
-
Distinguish between product costs and period costs as they relate to inventory.
-
Distinguish between product costs and period costs as they relate to inventory.
-
Did you know that 90% of brand interactions are through digital channels? And that most of these digital channels can be found on mobile? make a blog entry (five hundred words minimum) that tells the...
-
5. Go to Yahoo Finance and obtain the monthly adjusted-closing prices for General Motors (GM) and the S&P500 Index (^GSPC) from 1st Jan 2016 to 1st Jan 2021 (both dates included). An Excel file with...
-
In October 20X5, Pollock Company exchanged a used packaging machine having a book value of $240,000 for a new machine and paid a cash difference of $30,000. The market value of the used packaging...
Study smarter with the SolutionInn App