Question: Hello, I need help to complete a balance day adjustment entry using double entry book keeping principles for this non reversing general journal entry please:

Hello, I need help to complete a balance day adjustment entry using double entry book keeping principles for this non reversing general journal entry please:

Annual Leave provision balance is to be $11,000 at 30/6/2022. The opening balance was $5,000 at 1/7/2021 and the payments to employees during the financial year ended 30/6/2022 were $4,500.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Lets tackle this problem step by step using double entry bookkeeping principles The goal is to adjus... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

240 Payroll Accounting Chapter 7: Comprehensive Projects-Paper-Based Versions One-Month Project NOTE! Templates needed to complete these exercises, including one containing year-to-date payroll data,...

Instructions for the Assessor Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial...

There is no missing information, this will be the whole document. I need some help with the last question if possible, please. Question 1 Create balance day adjustment entries as at 30/6/2022 entries...

Please help! i have provided a template, check figs, instructions and what i have completed so far. Please double check mysheet to see if there's anything i'm missing from the entries i have...

Hello. I need help putting this information into a double entry accounting form and a statement of cash flows. Thanks! (A spreadsheet using an excel like format would be helpful) The following...

Task 1 Background You are to assume the role of Joan Jacks a Senior Accountant preparing the financial accounts at Wamco. The management at Wamco have decided to subsidiary risk management...

Chapter 1 Introduction to Accounting NAME ___________________________________________________ DATE _______________________________ 1. Which of the following events would be recorded as an accounting...

Myob software required Note: background information at the bottom (starting form page 10) PART 1: Self-Reection 10 Marks do this rt last This reflection asks students to attend to the following two...

please help me to find the answer for part 1, part3 and part4 Queensland University of Technology QUT Business School School of Accountancy AYB 339 Accountancy Capstone Integrated Case Study Semester...

Please complete and I other additional info if needed. 153 of 229 a A6 Page 384 APPENDIX A Comprehensive Payroll Project: Wayland Custom Woodworking Wayland Custom Woodworking in a firm that...

Hello, Can you help me to finish step 5 to step 10, and also make a cash flow statement at the end? Here I attach the instruction file and the excel file that you continue to work on. There were some...

How does strategic sourcing that embraces the lean philosophy differ from the traditional approach to sourcing decisions?

Finding the equivalent induction circuit parameters. then determine the variation of magnetizing leakage reactance with no load voltage. also, can you use these parameters to predict the performance...

Au sable corporatoon reported taxable income of 8 0 0 0 0 0 in 2 0 x 3 and paid federal income taxes of 2 7 0 0 0 0

Please view the example below to see what is expected. Thank you! Suppose you want to purchase a new electric vehicle (EV) and your budget for the next 10 years is $100,000. List at least 4 EV models...

Design a survey feedback intervention program, and use this to promote retention of key organizational personnel. page 445

Discuss the significance of process issues such as communication in compensation management. page 474

Discuss how pay influences individual employees, and describe three theories that explain the effect of compensation on individuals. page 498