Blue Ocean Realty Co. pays weekly salaries of $33,300 for a six-day workweek (Monday thru Saturday). Journalize

Question:

Blue Ocean Realty Co. pays weekly salaries of $33,300 for a six-day workweek (Monday thru Saturday). Journalize the necessary adjusting entry (include an explanation) assuming that the accounting period ends on Thursday.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

See More Books

Question Posted: Apr 05, 2021 04:25 AM

See More Questions

Journalize the necessary adjusting entries for the following (partial) trial balance. Based on a physical count, the ending merchandise inventory is $67,000. Unearned revenue at year-end was $4,230....
Akron Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2011 Maturity amount and date: $100,000 due in 10 years Interest: 10...
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2009 Maturity amount and date: $100,000 due in 10 years Interest: 10...
BC Lessee Co. enters a non-cancelable lease agreement with Blackcomb Co. on January 1, 2023, under which Blackcomb Co. leases equipment to BC Lessee Co. Information pertaining to the lease is...
What two factor originally governed the survey and disposition of the public lands in the U.S.?
A breakdown of the Steeles $27,440 of liquid assets at December 31 appears on the shown below. Account Amount Coins and currency .......... $ 440 Regular checking .......... 5,400 Savings account...
Copy your worksheet from Question 6 into another worksheet. Change the increase from 10% to 18%. Protect the worksheet, so that changes cannot be made. Question 6 Open a new spreadsheet. Type...
(Pension Expense, Journal Entries) The following information is available for the pension plan of Brady Company for the year 2010. (a) Compute pension expense for the year 2010. (b) Prepare the...
How would a data analyst evaluate a conference call to get a feel for the sentiment of management?
Ellen wants to know how many copies of each book were sold. Write a SQL statement to obtain the necessary information you think Ellen wants? Use the following information: Ellen Novotny started an...
The accountant for Evas Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct....
At the end of the current year, $27,480 of fees have been earned but have not been billed to clients. Journalize the adjusting entry (include an explanation) to record the accrued fees.
Suppose f is defined for all values of x near a, except possibly at a. Assume for any integer N > 0 there is another integer M > 0 such that |f(x) - L| < 1/N whenever |x - a| < 1/M. Prove that using...
Discuss the major threats to validity associated with this design and type of research (experimental). How will these threats be addressed, based on the discussion of the control techniques in the...
Identify the assignment technique to be used. Develop a hypothetical research scenario that would necessitate the use of a 2 x 2 Factorial Design. The research will be considered non experimental.
Identify the research scenario, including the relevant three independent variables and dependent variable(s). Develop a hypothetical research scenario that would necessitate the use of a 3-Factor...
Identify the assignment technique to be used. Develop a hypothetical research scenario that would necessitate the use of a 3-Factor Crossover Design. The research will be considered nonexperimental.
Develop the appropriate primary research question to be associated with this design, including the research questions that will address main effects and interactions. Develop a hypothetical research...
If A is a 5 3 matrix with ||A||2 = 8, cond2(A) = 2, and ||A||F = 12, determine the singular values of A.
On 1 July 2021, Croydon Ltd leased ten excavators for five years from Machines4U Ltd. The excavators are expected to have an economic life of 6 years, after which time they will have an expected...
Two force vectors are acting on an object. F1= 5i+6j, F2= 6j-12j. Find the magnitude of the net force (also called resultant force) .
In reference to the load, how are inductors connected to help prevent voltage spikes and surges? Are inductors connected in parallel or in series with the load. Explain.
I took advance gov and non profit accounting , strategic decision making and applied learning practicum courses in this semester. Reflect on the connection between knowledge concepts from the above...

Blue Ocean Realty Co. pays weekly salaries of $33,300 for a six-day workweek (Monday thru Saturday). Journalize

Question:

Step by Step Answer:

On Thursday the salary is due paid on Saturday But the accounting ...View the full answer

Accounting

Students also viewed these Business questions