Answer:
Journal Entries are:
January 31:
Debit Salaries Expense $1,500
Credit Salaries Payable $1,500
To accrue salary expense for 2 days.
February 9:
Debit Salaries Expense $5,700
Debit Salaries Payable $1,500
Credit Cash $7,200
To record the payment of salaries expense, including salaries payable.
Explanation:
a) Data and Analysis:
January 31: Salaries Expense $1,500 Salaries Payable $1,500
February 9: Salaries Expense $5,700 Salaries Payable $1,500 Cash $7,200
Answer:
Both the metric system and the US monetary system are based on the system of tens.
Explanation:
The metric system is based on the meter, which is divided into 100 centimeters, while the US monetary system is based on the dollar that is divided into 100 cents.
Generally speaking all Americans and most US organizations use the Imperial System (along with Liberia and Myanmar), while the rest of the world uses the metric system. But some American organizations use the metric system also, like the military and many financial institutions, specially those that export or trade with commodities.
What s really intriguing about this, is that the metric system is the official measuring system of the US since 1866, but it hasn't been massively applied yet.
Answer: None of these descriptions is accurate for Erik as he does not care about the level of risk involved and is indifferent to all the investment options and their risks.
Devin is risk averse as he decides to choose the safest option which is keeping the money as cash for one year.
Explanation:
