Answer:
C) debit Salary Expense, $16,440; credit Salaries Payable, $16,440
Explanation:
The adjusting entry is as follows
Salaries expense Dr $16,440
To Salaries payable $16,440
(Being the salary expense is recorded)
The computation is shown below:
= $41,100 × 2 days ÷ 5 days
= $16,440
While recording this we debited the salaries expense and credited the salary payable as it increased the expenses and liabilities account
Surplus hope it helps since you did not put any choices ......
Answer :
$1,099.54
Explanation :
As per the data given in the question,
Face value = $1,000
Coupon rate = 8% per year paid semi annual
Time = 6 year × 2 = 12 semiannual period
Coupon payment = 8% × $1,000 × 0.5
= 40
Market interest rate = 6% compounded semiannually is 3% semi annual period
Present value of bond = $40 × (P/A , 3%, 12) + $1,000 × (P/F , 3%, 12)
= $40 × 9.9540 + $1,000 × 0.7013798802
= $398.16 + $701.38
= $1,099.54
We simply applied the above formula
= Closed Primaries. In general, a voter seeking to vote in a closed primary must first be a registered party member.
