Prepare the journal entry to record payment in cash of salaries for $750, rent for $675, utilities

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

Question:

Prepare the journal entry to record payment in cash of salaries for $750, rent for $675, utilities for $250, and legal expenses for $130 on January 15, 2018.

Related Book For answer-question

Accounting Principles

ISBN: 978-0470534793

10th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Posted Date: Nov 03, 2022 02:00 AM

See More Questions

Prepare the journal entry to record Channel One Companys issuance of 100,000 shares of $0.50 par value common stock assuming the shares sell for: a. $0.50 cash per share. b. $2 cash per share.
Prepare the journal entry to record Selectist Companys issuance of 104,000 shares of no-par value common stock assuming the shares: a. Sell for $15 cash per share. b. Are exchanged for land valued at...
The journal entry to record a note received from a customer to replace an account is A. debit Notes Receivable credit Accounts Receivable B. debit Accounts Receivable credit Notes Receivable C. debit...
What are the important types of financial intermediaries in the U.S. economy? What are the primary assets of these intermediaries, and how do they facilitate investment spending and saving?
The San Francisco Giants want to boost revenues from ticket sales next season. You are hired as an economic consultant and asked to advise the Giants whether to raise or lower ticket prices next...
The Group of Eight (G8) consists of many of the major world economic powers. It meets annually to discuss pressing world problems. In 2013, for example, the G8 met in the United Kingdom with an...
Research the California Code of Civil Procedure Section 86, and list five types of cases that limited civil courts in California can hear. Your research can be completed by examining the California...
Go-for-Broke Company is being liquidated under Chapter 7 of the bankruptcy code. When it filed for bankruptcy, its balance sheet was as follows: *All accrued wages must be paid out of the liquidation...
Motor Corp. manufactures machine parts for boat engines. The CEO, James Hamilton, is considering an offer from a subcontractor who would provide 3,000 units of product AB100 for Hamilton at a price...
Given the time-phased work packages and network, complete the baseline budget form for theproject. Market Survey Project WBS Work Package Cost by Week WP Design 4 5 2 WP Survey 2244 4 5 WP Report 3 3...
Morgan is planning to run a small lawn care business this summer. He can rent a ride-on lawn tractor for $740 per month. He estimates that it will cost $5 in gasoline to cut the average lawn, and he...
What is the difference between passive and active appreciation? Why is this difference important with respect to the appreciation of separate property?
Why is it potentially more complicated to develop spousal support as compared to child support guidelines?
What will a court look to in determining procedural fairness?
Why have some jurisdictions begun to consider adopting spousal support guidelines?
Why are they treated differently?
purpose of this group/individual project is to demonstrate that you can transfer the skills you have learned this semester to a real life scenario. You will fully functional network for a company of...
We all experience emotions, but some people disguise their true feelings better than others. Do you think this is a helpful or harmful thing to do? Under what conditions do you think it would be most...
Using the information in P25-3B, compute the overhead controllable variance and the overhead volume variance. Data From Problem 25-3B: Classy Clothiers manufactures womens business suits. The company...
Daniel Longan owns and manages Daniels Restaurant, a 24-hour restaurant near the citys medical complex. Daniel employs 9 full-time employees and 16 part-time employees. He pays all of the full time...
Latrobe Corporation holds as a long-term investment available-for-sale stock securities costing $72,000. At December 31, 2012, the fair value of the securities is $66,000. Prepare the adjusting entry...
Consider two components of U.S. monthly industrial production index from December 1963 to December 2012. The two components are (a) nondurable consumer goods and (b) materials. The data are in...
Consider the bivariate VMA(1) model \[ \boldsymbol{z}_{t}=\boldsymbol{a}_{t}-\left[\begin{array}{rr} -0.3 & 0.2 \\1.1 & 0.6 \end{array} ight] \boldsymbol{a}_{t-1} \] where $a_{t}$ is a Gaussian...
Consider two components of U.S. monthly industrial production index from December 1963 to December 2012. The two components are (a) business equipments and (b) materials. The data are in columns 5...

Prepare the journal entry to record payment in cash of salaries for $750, rent for $675, utilities

Question:

Expert Answer:

Journal Entry Date Particular Debit Cred... View the full answer

Accounting Principles

Students also viewed these accounting questions