Question: how do I know how many days that is ? please explain 164. A company pays its employees $5,600 every two weeks ($400/day). The current

how do I know how many days that is ? please explain

164. A company pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 26, 2015, and employees are paid $5,600. The next two-week pay period ends on January 9, 2016, and employees will be paid $5,600. Record the adjusting entry on December 31, 2015

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

1. For each of the following accounts, indicate whether the account is shown in the income statement or the balance sheet: Accounts Rent Expense 1. 2. Accounts Payable 3. Service Revenue 4. Common...

Thank you so much 11 For each of the following accounts, indicate whether the account is shown in the income statement or the balance sheet: Accounts Financial Statement 1 . Rent Expense 2. Accounts...

Fighting Irish Incorporated pays its employees $5,600 every two weeks ($400/day). The current two-week pay period ends on December 28, 2021, and employees are paid $5,600. The next two-week pay...

(LO3-3) BE3-10 Suppose a customer rents a car for ($1.500/month) er rents a car for gihtee months from Speedy Rental on Now (1) Record the rentai for the company on Novermber (2) Record the adjusting...

Okla Co. pays its employees $4,620 every two weeks ($330/day). The current two-week pay period ends on December 28, 2022, and employees are paid $4,620. The next two-week pay period ends on January...

The Balance Sheet Referencing this week?s readings and lecture, what information is provided in the balance sheet? What is a common-sized balance sheet and how do you create one? For your final...

this is financial accounting, introduction course. please do asap. HD images of pictures mary Brown Notes:- Mary Brown's Notes: Thank you very much for helping during my absence. I created a list of...

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

Question 2 19 marks) You are the bookkeeper of Mel Traders. You undertake a bank reconciliation at the end of every month. Mel Traders received its bank stafement for the month ending 31 May 2021....

Note: $10.00 requires you to replace the X with the last digit of your student number. BBARC Weekly Service Activity Summary July 15 - 21 BBARC Weekly Service Activity Summary liulv 22 - 28 BBARC...

Two friends Amit and Vikas started a business investing in the ratio of 5: 6. Navu joined them after six months investing an amount equal to that of Amit's. At the end of the year, 25% profit was...

Last year, Mr. Morris itemized his deductions on his federal return; this year he also received a refund from the state of California. Which of the following is not considered a recovery (taxable) in...

What option on the LSMEANS statement specifically requests a comparison of all pairs of means?

P2.11 (102,4) Groupwork (Lestee-Lessor Accounting foe Realdual Values) Coring Dairy leaves its milking equipment from King Pinance Company under the following lease terme. 1. The lease term is 10...