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2 years ago

The adjusting entry for accrued expenses includes:________

Business

1 answer:

yulyashka [42]2 years ago

5 0

The adjusting entry for accrued expenses includes <u>a debit to an expense account.</u>

<u></u>

Accrued expenses are defined as costs that have already been paid but have not yet been recorded, requiring adjusting entries and the inclusion of costs like interest, salary, and tax expenses. The fact that the date on which salaries are received may not always coincide with the end of the accounting period necessitates an adjustment.

To record employee earnings that have been earned but not yet paid, an adjustment entry for accrued salaries and expenses is created. It's vital to debit wages expenses and credit salaries payable for this purpose.

Hence, option C is the correct option

To learn more about adjusting entry for accrued expenses here,

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Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they we

s344n2d4d5 [400]

Answer:

The correct answer is 3.

Explanation:

Giving the following information:

Your coin collection contains fifty-four 1941 silver dollars. These coins have appreciated at a 10 percent annual rate.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

i= 0.10

PV= 54

n= 2060 - 1942= 119

FV= 54*1.10^119= 4,551,172.47

6 0

4 years ago

A tax that can be passed onto someone else is known as a/an _______ tax.

Serga [27]

I is known as a indirect tax

3 0

3 years ago

Able sells and delivers a piece of equipment to Smythe for $2,000 on August 1 and the equipment cost $1,300. The sale is a cre

guapka [62]

Answer:

Debit entry - Accounts Receivables - $2,000

Credit entry - Sales - $2000

Explanation:

Due to the fact that it is a credit sale, it means that the cash would be obtained at a future date in time. Hence, until then, Mr Smythe is indebted to Able as he is a debtor. Once he pays what he owes to Able and the cash has been received, Accounts receivables would be credited with $2000 and cash would be debited with $2000.

7 0

3 years ago

What is the amount of money you still owe to their credit card company called? A. credit card interest B. credit card balance C.

Snezhnost [94]

The amount of money that you still owe to the Credit card Company is called Credit card balance.

Credit card balance refers to the amount of money one has spent on their card and they haven’t paid back to the Credit card Company.

<h2>Further Explanation </h2>

A credit card is a card in which any payment made by the card holder using the card, then it means they have borrowed money from the Card Company to pay at a later date.
In other words, unlike debit cards, credit cards allows customers to borrow money from the Credit Company or the card issuer for the purposes of making purchases up to a certain limit.

<h3>Credit card balance </h3>

Credit card balance is the money that has been spent by the card holder and have not been paid back to the card issuer. For instance, if an individual spends $ 550 to make purchases of items, and they have not paid back, then the credit card balance will be $550.

<h3>Terms Associated with Credit Cards </h3><h3>Credit card limit </h3>

Credit card limit refers to the maximum amount of money that the card holder is allowed to borrow on the card. The can holder, cannot make purchases exceeding the Credit card limit.
If the Card limit is exceeded then the Card issuer charges an over-limit fee depending on the agreement between the card holder and the card issuer.

<h3>Credit card fee </h3>

Credit card fee is the annual fee that the card issuer or the card Company charges the card holder for the privilege of using the credit card. This fee may be also called participation fee or the membership fee.

<h3>Credit card interest </h3>

Credit card interest may be referred to as the Annual percentage rate, which is the annual rate of interest that includes the fees and the costs incurred to get a loan.

Keywords: Credit card, Credit Card Company, Credit card limit, credit card holder.

<h2>Learn also about: </h2>

Debit card and its advantage: brainly.com/question/1006222
Difference between Credit card and debit card: brainly.com/question/10163886

Level: High school

Subject: Business

Topic: Trade

Sub-topic: Modes of payment

3 0

3 years ago

Read 2 more answers

If 5 Swiss francs trade for $1, the U.S. price level equals $1 per good, and the Swiss price level equals 2 francs per good, the

nordsb [41]

Answer:

0.4 swiss good(s) per U.S good(s)

Explanation:

firstly we calculate how many dollars we get per Frank so we will say $1/ 5 Swiss Franks =$0.2 which is similar to (5x =1, solve for x =1/5 / 0.2 in simple maths )per Swiss Franc thereafter we calculate the how many Swiss Francs per good compared to dollars per good we can get so therefore 2 Swiss Francs per good/$1 per good is the ratio of comparison , hence we treat f(X) as a function of swiss good(s) per U.S good, therefore f(X)= 2 x , knowing that x= 0.2 f(x)= 2(0.2) which will result in f(x)= 0.4.

3 0

4 years ago

Read 2 more answers