Question: PE 3-4A Adjustment for Accrued Expense OBJ. 2 - Prepare adjusting entries for accruals. EE 3-4 Blue Ocean Realty Co. pays weekly salaries of $33,300

PE 3-4A

Adjustment for Accrued Expense

OBJ. 2 - Prepare adjusting entries for accruals.

EE 3-4 Blue Ocean Realty Co. pays weekly salaries of $33,300 for a six-day work week (Monday through Saturday). Journalize the necessary adjusting entry

(include an explanation) assuming that the accounting period ends on Thursday.

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!

PE 3-4A Adjustment for Accrued Expense OBJ. 2 - Prepare adjusting entries for accruals. EE 3-4 Blue Ocean Realty Co. pays weekly salaries of $33,300 for a six-day work week (Monday through Saturday)....

Instructions Chart of Accounts Journal Instructions Blue Ocean Realty Co. pays weekly salaries of $16,020 for a six-day workweek (Monday through Saturday). Journalize the necessary adjusting entry...

i just need help filling in the 'adjustments' and 'adjusted trial balance' columns. 39 40 At the end of January, the following additional information is available to help determine what adjustments...

useExcel 10 Column Worksheet For Accounting to do the question 1 in the attach. (Excel Formulas Detailed required) LEAN TO CONSTRUCTION CO TRIAL BALANCE 2/28/2006 TRIAL BALANCE ADJUSTMENTS 12/31/06...

Excel WTB (2) Accounting cycle Adjusting entries Inventory adjustment Allow. for bad debts BALL UNIVEA D H M N rest ACME Distribution, Inc. Tre Balance December 31, 2016 Acco 12012015 December 31,...

i need trial balance, Sales journal, cash receipts journal, purchase journal, cash payment journal, general journal, and the general ledger, second trial balance (thank you) the narrative transaction...

1. Financial reports should include Income Statement, Statement of Owner's Equity (or Statement of Retained Earnings), and Balance Sheet. 2. Closing Process should include journal entries and a...

I have included all of the instruction in the attached document. (1) Transactions made by Huddleston Co. for the month of March are shown below. 1. The company performed $23,920 of services for...

The ones with the checkmark OBJ. 16PE 3-2B Type of adjustment items as (1) prepaid expense, (2) unearned revenue, (3) accrued Classify the following revenue, or (4) accrued expenses a. Cash received...

The ones with the checkmark OBJ. 1 prepaid expense, (2) unearned revenue, (3) accrued c. Interest revenue earned but not received 6PE 3-28 Type of adjustment as () Classify the following items...

Figure 18P-4 shows supply and demand for first-aid training, based on private costs and benefits. a. Suppose that the external benefit from first-aid training is worth $6. Graph the demand curve for...

Consider the three point charges located as shown in Figure Q4. Charges q1 = q3 = 8.3 nC, q2 = -2.0 %D nC and distance a = 0.16 m. (a) Find the net resultant force experienced by charge q3. (b)...

3 local bicyde manytactuning firm, Tratblazers, Inc, offered to sell these vear wheel ascenthes to Mobitity ir Mobity makes the astembly, ts cost per rear wheel assembly ts as follows paried on amull...

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....