Question: Hi I am really struggling, please help with these practice questions. A company has five salaried employees, each earning $3,000 per month. Assume that the

Hi I am really struggling, please help with these practice questions.

Hi I am really struggling, please help with these practice questions. Acompany has five salaried employees, each earning $3,000 per month. Assume that

A company has five salaried employees, each earning $3,000 per month. Assume that the employees finished work at the end of January (Jan 31st) and will not get paid for this work until the first of the next month (Feb 1), What is the accrual entry for salaries on January 31st? Debit salaries expense $15,000 and credit accounts payable $15,000 None of the answer choices Debit salaries expense $15,000 and credit salaries payable $15,000 Debit salaries expense $15,000 and credit accounts receivable $15,000 Debit salaries payable $15,000 and credit salaries expense $15,000 Question 8 (1 point) On January 1st, Sam accounting firm collected $10,000 from Sally for work to be performed in the future. On January 31st, the accounting firm completed 60% of Sally's work. What is the journal entry on January 1st? Debit cash $10,000 and credit unearned revenue $10,000 Debit unearned revenue $6,000 and credit service revenue $6,000 Debit service revenue $6,000 and credit unearned revenue $6,000 Debit unearned revenue $10,000 and credit cash $10,000 ABC company received $500 of cleaning services on January 31 st. ABC paid for the cleaning services on February 5th. What is the journal entry on February 5 th for ABC Company? Debit cleaning expense $500 and credit accounts payable $500 Debit accounts payable $500 and credit cash $500 Debit cleaning expense $500 and credit cash $500 Debit accounts payable $500 and credit cleaning expense $500 None of the answer choices Question 10 (1 point) ABC purchased $1,000 in supplies on January 1. On January 31 , there was $400 of supplies still unused. What is the journal entry on January 31st? Debit supplies $1,000 and credit cash $1,000 Debit supplies expense $400 and credit Supplies $400 Debit supplies expense $600 and credit Supplies $600 None of the answer choices Debit cash $1,000 and credit supplies $1,000

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