Question: Total wages per week are $ 6 , 7 0 0 . You need to accrue $ 4 , 0 2 0 of wages at

Total wages per week are $6,700. You need to accrue $4,020 of wages at period end. The adjusting entry would include which of the following?

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!

Q:

answer the following 28) What type of account is Accrued Salaries? Al Asset BJ Expense C) Liability DJ Owner's equity 29) Walter's Windows showed supplies available during the year of $1,700. A count...

Q:

what is the correct 65) Sarah's Spices' accrued wages are $1,700, Which of the following is the required adjusting entry? A) Debit Salaries Expense, $1,700, credit Accrued Salaries, $1,700 B) Credit...

Q:

Total wages per week are $6,700. You need to accrue $4,000 of wages at period end. The adjusting entry would include which of the following? A) Credit Wages Expense, $4,000; debit Accrued Wages,...

Q:

ADJUSTING ENTRIES - ACCRUALS - PLEASE EXPLAIN Scott's Lawn Service borrowed 10,000 from 3rd National Bank on November 1, 2001. The loan is for a term of 3 years and carriers a 15% rate of interest....

Q:

Total wages per week are $4,800. You need to accrue $5,000 of wages. The adjusting entry would include which of the following? a Debit Wages Expense, $4,800; credit Cash, $4,800 b Debit Wages...

Q:

4) Total wages per week are $500. You need to accrue $300 of wages. The adjusting entry would include which of the following? A) Debit Wages Expense, $200; credit Wages Payable, $200 B) Debit Wages...

Q:

The period end adjusting entry for bad debt expense under the allowance method is Cash, debit; Accounts Receivable/customer name, credit. not required. Bad Debt Expense, debit; Accounts...

Q:

BILL'S BOARDS Unadjusted Trial Balance At September 30 Account Name Cash Debits $ 17,900 Accounts Receivable 1,520 Prepaid Rent 1,040 Supplies Equipment Accumulated Depreciation Accounts Payable 0...

Q:

help! dont understand! Journal entry worksheet 6 Record the entry to accrue revenue not yet billed. Note: Enter debits before credits. Journal entry worksheet 1234567 Record the entry to accrue...

Q:

The following ledger accounts are used by Zhang Roller Skating Co.: Cash Admissions Revenue Accounts Receivable-various Advertising Expense HST Receivable Amortization Expense-Equipment Equipment...

Q:

1. A statement is a sentence which a. asks a question. b. has truth-value. c. commands you to do something. d. expresses emotion. 2. What is the definition of a Premise? a. The statement that...

Q:

The SD of two samples are 8 and 12 sample sizes are 200 and 100. Find the standard error of the difference between the means and also find the confidence interval at 0.05 level of significance mean...

Q:

Provide at least two examples of the potential financial challenges associated with managing the implementation of treatment.

Q:

Which project management tool uses the analogy "skateboard - bicycle - motorcycle - car"? Group of answer choices Scrum Waterfall Fate - Gate Star - gate

Q:

Identify the characteristics of people with low and high selfesteem.

Q:

1. During the next week, study the listening habits of students in another class in which you are enrolled. Keep a journal of your observations by identifying the nonverbal behaviors you witness. Are...

Q:

3. Many times, we take the conversation away from others and make it our own. This practice not only wastes time, but is a major relationship killer. Here is how it works: At the beginning of the...