1. On Friday, April 3, 2020 Adriana will pay salaries of $5,000for two weeks for days worked up to and including April 3, 2020.Employees do not work weekends.

Financial Statements are prepared on a monthly basis.

At March 31, 2020 how many days of pay need to be accrued? 

2. On Friday, April 3, 2020 Adriana will pay salaries of $5,000for two weeks, for days worked up to and including April 3, 2020.Employees do not work weekends. 

Financial Statements are prepared on a monthly basis.

At March 31, 2020 what is the accrued wages?

3. Students paid $30,000 in advance for cooking classes. At the end of the month, March 31, 2020, Adriana finished teaching$10,000 worth of cooking classes.

Financial Statements are prepared on a monthly basis. What amount of revenue would be recognized at March 31, 2020?

Answer rating: 100% (QA)

1 2 3 Days needs to be accrued Since 1st 2nd and 3rd april not t... View the full answer